In the absence of a comprehensive global view of the current and likely future state of the industry, players indulge in selective future
gazing. Given the leadership role of Gem and Jewellery Export Promotion Council (GJEPC) of India in the development of the
industry, it was considered appropriate to initiate a study to take stock of the
current challenges and predict a future for the industry. KPMG, a global network
of professional services firms, which has done extensive work in the industry
joined in and over the last six months, teams from both organisations conducted a study of the global industry.