The worldwide gems and jewellery sector is important to international trade as it represents a considerable share of the total exports, foreign exchange earnings, and jobs in multiple nations. According to worldwide import-export data providers, in the recent past (2023–24), the gems and jewellery sector faced with obstacles, such as inflation, currency fluctuations, and geopolitical issues, reported solid growth. Whether diamonds, gold, silver, platinum, or precious stones, the Gems & Jewellery Import-Export Data illustrates the ways that countries, companies, and buyers influence global trade trends.
Global Gems & Jewellery Export Overview
Global exports of gems and jewellery for the financial year 2023-24 were adjective robust. According to import export data, The whole export of gems and jewellery touched 780 billion US dollar, contributed by the gold jewellery, cut and polished diamonds, silver ornaments and coloured gemstones.
The momentum has been underpinned by rising demand from developed markets including United States and Europe, as well as an emerging middle-class in Asia. Trade specialists anticipate a modest rise in the years ahead, bolstered by digital retailing, luxury demand and the rising value of investments in precious metals.
Top Gems & Jewellery Products Exported Globally
Based on import export trade data, the following categories dominated exports in 2023–24:
- Cut & Polished Diamonds – The largest share of global gems exports, with India, Belgium, and UAE as leading players.
- Gold Jewellery – High demand from Middle Eastern countries and Asian economies.
- Silver Jewellery – Affordable and stylish silver products witnessed rising global demand.
- Colored Gemstones – Emeralds, sapphires, and rubies saw increasing exports to luxury markets.
- Platinum & Palladium Jewellery – Growing usage in high-end jewellery and investment.
Top 5 Exporting Countries of Gems & Jewellery
According to Gems & Jewellery Import-Export Data, the top exporters in 2023–24 were:
- India – Leading exporter of diamonds, gold, and silver jewellery.
- China – Strong in gold jewellery manufacturing.
- United States – A major exporter of finished jewellery pieces.
- United Arab Emirates (UAE) – Hub for gold re-exports and diamond trading.
- Belgium – Globally recognized diamond cutting and trading center.
Top 5 Importing Countries (Buyers)
The global jewellery market heavily relies on a few dominant importers. As per Global import export data providers, the top buyers include:
- United States – Largest consumer of gems and jewellery.
- Hong Kong – A key hub for jewellery imports and re-exports.
- Switzerland – Strong demand for luxury goods and gold.
- UAE – Major importer for processing and re-export.
- United Kingdom – High demand for diamonds and luxury jewellery.
Top Gems & Jewellery Suppliers
Global supply chains in the jewellery industry are diverse, but the leading suppliers are concentrated in Asia and Europe. India and China dominate manufacturing, while Belgium and UAE serve as key hubs for raw and processed diamond supply.
Top Export & Import Companies in India
India is a global leader in gems and jewellery exports, particularly diamonds. Some of the top companies identified in import export trade data are:
- Rajesh Exports Ltd. – One of the world’s largest gold jewellery exporters.
- Titan Company Ltd. (Tanishq) – Known for branded gold and diamond jewellery.
- Kalyan Jewellers – Expanding rapidly in both domestic and global markets.
- PC Jeweller Ltd. – Strong presence in exports of diamond jewellery.
- Gitanjali Gems Ltd. – Specializes in diamonds and luxury jewellery.
These companies significantly contribute to India’s foreign exchange earnings through exports.
Global Trade Issues in Gems & Jewellery
Despite steady growth, the gems and jewellery industry faces several challenges:
- Geopolitical tensions affecting supply chains.
- Fluctuating gold and diamond prices impacting profitability.
- Sustainability concerns around mining and sourcing.
- Trade restrictions and tariffs in some regions.
- Shift towards lab-grown diamonds influencing natural diamond demand.
Trade experts and import export data providers suggest that companies need to adopt ethical sourcing, digital trade platforms, and diversification strategies to stay competitive.
HSN Codes for Gems & Jewellery
For accurate trade tracking, HSN codes play a vital role in import export data. Common codes include:
- 7102 – Diamonds (worked or unworked)
- 7103 – Precious stones (other than diamonds)
- 7106 – Silver, including jewellery
- 7108 – Gold (unwrought or semi-manufactured)
- 7113 – Articles of jewellery
- 7117 – Imitation jewellery
Businesses rely on these codes to identify product categories in customs and trade databases.
Latest News & Trends in Global Jewellery Trade
Recent updates in the Gems & Jewellery Import-Export Data highlight:
- Growing popularity of lab-grown diamonds, especially in the US and Europe.
- Increasing adoption of blockchain technology for supply chain transparency.
- Rising demand for sustainable and ethical jewellery.
- Surge in online jewellery exports driven by e-commerce platforms.
- India’s Free Trade Agreements (FTAs) boosting exports to new markets.
Conclusion
The gems and jewellery sector remains a vital part of international trade, with strong export performance in 2023–24. Backed by reliable insights from a global import export data provider, businesses can track buyers, suppliers, products, HS codes, and market trends to make informed decisions. From diamonds and gold to silver and gemstones, the Gems & Jewellery Import-Export Data highlights immense opportunities for exporters, importers, and investors worldwide.
FAQs
1. What is Gems & Jewellery Import-Export Data?
Gems & Jewellery Import-Export Data refers to detailed trade statistics that provide insights into global exports and imports of diamonds, gold, silver, gemstones, and jewellery products. It includes information on buyers, suppliers, shipment volumes, HS codes, and market trends.
Which countries are the largest importers of gems and jewellery?
The United States, Hong Kong, Switzerland, UAE, and the United Kingdom are the top buyers of gems and jewellery products worldwide, driving global demand.
How can businesses benefit from using a global import export data provider?
By using a reliable import export trade data provider, companies can find genuine buyers and suppliers, analyze competitor shipments, identify emerging markets, and monitor global trade trends in gems and jewellery. This data helps in making strategic business decisions and expanding globally.
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