The industry is largely export-oriented and accounts for nearly 15% of the country’s export and foreign exchange earnings. Majority of the export revenues, approximately 50 - 60%, come from exports of cut and polished diamonds followed by gold and diamond jewellery.India is the world's largest diamond cutting and polishing centre owing to its low-cost advantage, high precision and quick turnaround. It accounts for 85% of the global cut and polished production in caratage.The domestic market is primarily dominated by gold jewellery (includes Polki and Kundan) accounting for 80% of market share followed by diamond and platinum jewellery with 20% share.

The industry is largely export-oriented and accounts for nearly 15% of the country’s export and foreign exchange earnings. Majority of the export revenues, approximately 50 - 60%, come from exports of cut and polished diamonds followed by gold and diamond jewellery.India is the world's largest diamond cutting and polishing centre owing to its low-cost advantage, high precision and quick turnaround. It accounts for 85% of the global cut and polished production in caratage.The domestic market is primarily dominated by gold jewellery (includes Polki and Kundan) accounting for 80% of market share followed by diamond and platinum jewellery with 20% share.