The exports of gem and jewellery have increased by 16%. As per the statistics provided by the Gem and Jewellery Export Promotion Council (GJEPC) India's gem and jewellery export has managed a significant increase in the past couple of year. India has become the ideal exporter of such expensive items.

According to the GJEPC study, the diamond share of India in the international market has gone up to an impressive 70% in terms of values for the year 2009-10. It was around 60% in the fiscal 2008-09.

The entire export figure of the country was $24.49 billion in FY08-09 while it has jumped to $28.41 billion in FY09-10. That means it has seen a remarkable 16% of growth within couple of years. Cut and polished diamonds has been the prime element of export and have registered 20.11% increase in the year 2010.

It holds a massive 61.74% in the exports baskets, followed by gold jewellery which comprises of 31.17 %. In other items color gemstones and others have 5.09%. The industry contribution towards total merchandise exports is found to be 13% for the stated year.