The prime objective of the study is to shed light on various issues and scope of gems and jewellery export
in India. Indian gems and jewellery industry has attained a remarkable position worldwide. Artifacts of India’s
export of gem and jewellery are acknowledged all over the world for their exquisite craftsmanship. However in the
present scenario industry is confronting various hindrances which obstruct the path to realize its true potential. It
has become statutory to deal with the problems and constraints which are being faced taking in the account of the
fact that during FY 2013-14 the sector has contributed $34746.90 million to Indian exchange earnings, which states
the decline in export by 10.58 percent. Due to the dependence on imports, the complexities involved in obtaining
import license by the government should be simplified and also the lengthy procedures and intricacy involved in
trading need to be rationalized. In order to sustain its position in international market there is an immediate
requirement to modernize the product designs and procedures involved. In addition to this the working condition
of the workforce should refined to a great extent and their ill-wage structure must be revived. Some of the other
major concerns being faced are lack of training facilities, existence of Casteism, lack of permanent work, financial
issues, procedural hardship and financial issues. In the view of the declining growth rate the government has
instigated various measures and also a significant amount of investment in gems and jewellery sector is accounted,
as a result of which the gems and jewellery industry has recovered to a certain extent. There was an increment of
12.65% percent in export of cut and polished diamonds in FY 2014. As per an industry study the sector is
anticipated to draw Rs 15,000 crore (US $ 2.42 billion) by the end of 2015 which would be a striking increase by
December 2012 with Rs 8000 crore (US $ 1.29 billion).