The Indian gems and jewellery industry has witnessed rapid growth in recent times. With India being one of the largest consumers of gold in the world, most of it is utilised in making jewellery. The industry has the advantage of skilled manpower for designing and manufacturing high volumes of delicate jewellery at a low cost. India is an important centre for diamond cutting and polishing in the world. The gems and jewellery market in India is largely unorganised. However, with the consumers becoming more and more quality conscious, branded jewellery is gaining popularity. Moreover, the government allows substantial foreign direct investment (FDI) in single brand retail outlets, attracting both global and domestic players to this sector. Hide this