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India's gemstone and jewellry industry are one of the largest in the world, contributing about 29% of global jewellry consumption. The gemstone and jewellry industry plays a vital role in the development of an economy. This is a sector where India has a strong global reputation, being the largest exporter of gemstones and jewellry in the world. The sector contributes 7% of the country's gross domestic product (GDP).
The gemstone and jewellry sector is an important source of foreign exchange. The importance of the gemstone and jewellry industry in the Indian economic scenario is developing over the last three or four decades. The gemstone and jewellry industry is one of the major contributors to the country's export growth. It is one of the fastest-growing sectors. Today, the Indian gemstone and jewellry industry is a world leader employing directly or indirectly around 5 million people.
“In August 2021, India exported US$ 3.43 billion worth of gems and jewellry as compared to US$ 1.82 million in August 2020. The overall net export of gems and jewellry stood at US$ 29.01 billion in FY20. India exported US$ 18.66 billion worth of cut and polished diamonds in FY20P”
Gemstone and Jewellry are one of the oldest and most enduring forms of self-expression and adornment. The gemstone and jewellry sector encompasses a wide range of products such as cut and polished diamonds, gold jewellry, non-gold jewellry, colored gemstones, pearls, costume/costume jewellry, rough diamonds, and synthetic stones. The main export destinations for gemstones and jewellry from India are the USA, Europe, Japan, and China. The US accounts for nearly a quarter of the country's total gemstone and jewellry exports. The KarurKangayam and HoleNarsipur belts in the southern Indian states of Tamil Nadu and Karnataka are respectively famous throughout the subcontinent for their gemstones including sapphire, moonstone, iolite, aquamarine, garnet, sunstone, and corundum.
India's gemstone and jewellry exports are largely concentrated in the United States, United Arab Emirates, and Hong Kong, which together account for up to 80% of shipments. there is a continuous increase in gemstone and jewellry exports from India. India has a brighter future for its gem and jewellry exports. To Export Gems and Jewellery products, an Exporter needs Export Documentation Software which saves the valuable time of Exporter to increase his efficiency.
SKY ERP Export Plus is one of the best Export Documentation Software for the Gems and jewellry industry. SKY ERP EXPORT Plus is Export Documentation Software for Gems and jewellry exporters designed in accordance with the regulations and documents required for Gems and Jewellery export.
This Export documentation software for Gems And Jewellery allows and aids you to generate all documents involved in an export process. Sky ERP Export plus is key software needed by an exporter as it offers various unique features e.g LC Expiry alarming, Outstanding payment alarm, Order/Invoice Pending Status, etc.
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