"indian jems & jewellery export industry
Gems& jewellery
India 's gems & jewellery export industry is significant contribution to the country is economy with a strong global presence.The sector is focused on cut and polished diamonds gold and silver jewellery,and lab grow diamond. India goverment support this industry.In various industries through various schemes and initiatives to boost export ............
Top scheme & government support in India for export. Gems & jewellery sector
The main scheme gems & jewellery Export in india is the jems& jewellery export promotion council (GJEPC) an apex body that facilitates the sector additionally,the directorate general of foreign trade (DGFT) ,and the department of commerce (DOC) monitor transportation cost and implement export promotion schemes..
Here's a more details breakdown...
GJEPC INITIATIVES :
PROMOTION OF EXPORT:
GJEPC active promotion the export of jems & jewellery through various means including participation in international Trade show and exibition .
• policy advocacy:
The represent the industry interests th the government advocating for favorable policies and interventions .
DGFT /DOC SCHEMES ..........
* Advance procurement/replenishment of precious metals allow exporters to import precious metals duty - free for manufacturing and re - export.
* Replenishment authorisation for Gems provide similar facilities for importing Gems.
* Market devlopment assistance:
Offers financial support for participation in international exibition and others promotional activities.
Government of India support..
• Gold monetization scheme:
Revamped to encourage the flow of gold into the formal sector .
• import duty reduction:
Reduction in IMPORT duties on gold and cut& polished diamonds have lowered costs for exporter
• MANDATORY HALLMARKING:
The implementation of mandatory hallmarking ensures quality and builds . Consumers trust .
• emergency gedit line Guarantee scheme (EGLGS)
Extended foe MSME'S IN the sector.
• support for common facility centre:
The government provide s assistance for setting up common production/processing centre design centre and testing facilities.
• support for marketing hub /exibition centre:
Associations receive government support for setting up marketing hub/exibition centre..
Government...
1 . Rebate of State and central taxes and levies (ROSCTL)
• Aim /purpose : Refunds embedded taxes (states¢ral ) not refundable under GST.
• Applied to Gems & jewellery export especially value -added items like studded jewellery.
• Benifits: increase price competitive in global market .
2. Remission of duties and taxes on exported product (Rodtep)
• purpose: refunds taxes /duties not covered under GST /Like electricity tax ,fuel ,mandi Tax .
• Applied/applicable to Gems& jewellery and precious metals export items.
3. Benifits: ensure zero rating of export.
4. Interest equalization scheme (IES)
• purpose: provide interest subvention of 3-5 % on pre/ post shipment export credit.
• Benifits:reduce cost of capital for export
5. SEZ( special economic zone) benifits.
• purpose duty -free procurement of raw material.
• Benifits full taxes exemption for unit set up in sez's .
6. Advance: authorisation scheme.
• purpose import of raw material ( like gold silver , platinum) duty free for export production
• condition fulfillment of export obligation.
7. Duty drawbacks scheme.
• purpose: refunded custom duty on inputs used in Exported product.
•. Benifits : reduces production cost for export.
Top 10 major hub (export/import) global leader .
1. Antwerp Belgium
2. Dubai .uae
3. Mumbai India
4 .Hongkong ,china
5. Newyork, usa
6. Bangkok Thailand
7. Telaviv, Chin
8. Shenzhen ,china
9. Jaipur Rajasthan India
10. Istanbul Turkey
* India specific major hub
• mumbai - diamond seepz (jewellery sez)
• surat - diamond cutting and polishing (90%)
• Jaipur - colored gemstone.
• Delhi - trading and design
• kolkata - traditional gold jewellery
• chennai (Tamil Nadu) - temple jewellery gold silver traditional South Indian style .
• Hydrabad - pearls, diamond jewellery
• Rajkot - casting based gold jewellery manufacturing
• Trichur (kerla) - Gold jewellery (22k)
• Coimbatore (Tamil Nadu) - machine made jewellery technology drevin jewellery production
*Emerging/secondary hubs city 🏙️ 🌆
• Ahmedabad (Gujrat) - growing diamond and gold units
• moradabad (up) - silver handicrafts &. jewellery
• Bangalore (Karnataka) - urban jewellery. market gold trade
• Bhivandi (Haryana) - manufacturing of budget jewellery
• Indore (mp ) - local jewellery cluster
Key Notes....
• Surat dominate diamond polished/polishing (export quality)
• Jaipur is the #1 centre for colored gemstone ( emerald, sapphire, Ruby).
• mumbai handles export design and branding at scale.
• Kolkata & Rajkot are crucial for traditional gold jewellery production.
Gems & jewellery product list.
1 . Precious &semi precious stones
• diamond
• rough
• precious stones
*Ruby
*Sapphire
* Emerald
2. Semi precious stones
• amethyst
• Gannet
• Topaz
• citrine
• peridot
• Tourmaline
•Quartz
• Lapis Lazuli
• Aquamarine
• Tanzanite
• Moonstone
• spinal
Gold jewellery
• plain gold jewellery
• studded gold jewellery
• Antique gold jewellery
• Temple jewellery
•.bridal gold jewellery
• Handmade gold jewellery
• kundan &meenakari gold jewellery.
Diamond jewellery
• solitaire ring 💍
• diamond rings
• diamond bracelet
• diamonds pendant
• diamond nose pandent
• diamond earrings
• bridal diamond sets
Silver jewellery.
• Sterling silver jewellery
• oxidised silver jewellery
• tribal silver jewellery
• silver anklets
• silver rings , chains and bangles
• silver toe ring
• silver filigree work
Platinum jewellery
• Platinum bands
• platinum necklace
• platinum pendant & chain
Imitation fashion jewellery
• Costume jewellery
• oxidised imitation sets
• Gold plated jewellery
• stone studded imitation
• shell /beads /wooden jewellery
jewellery components & accessories
•finding hooks ,clasps chains
• mounting and settings
• Artificial stones
Others....
• Bangles/gold ,silver,lac,glass etc
• nose rings
• Toe rings
• Brooches & hair
Thank you .
Mr.ashish meena
Indian exporter/importer india
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