India is a major player in the global gems and jewelry industry. Some of the largest Indian companies in the industry include Gitanjali Group, Shrenuj & Company, and Rajesh Exports. India dominates the global markets for diamond processing and gold and silver consumption, importing rough diamonds and minerals and polishing/crafting the final products. The industry employs over 1.3 million people directly and indirectly and is a significant contributor to India's economy as a net exporter.

1. GEMS AND JEWLLERY

2. MAIN PLAYERS IN INDIA Gitanjali Group Shrenuj & Company Suraj Diamonds and Jewellery Limited Rajesh Exports Asian Star Titan Industries (Tanishq into Retail), Bangalore Suashish Diamond Rosy Blue B. Vijaykumar Laxmi Diamond K Girdharilal C. Mehendra Exports J.B Brothers Tara - Ultimo Vaibhav Gems, Jaipur Sheetal Manufacturing

3. The World Gold Council (WGC) In 2009, China's gold consumption came to $14 billion or 11 percent of the global gold demand. India's share in world gold consumption stands at around 20% at presendiamonds. India dominates the diamond processing trade with 11 out of 12 diamonds being cut and polished in India. India also dominates the gold and silver consumption globally with consumption of about 800 tonnes p.a.. The industry holds prominent significance as it is a net exporter and provides employment to 1.3 mn people directly and indirectly. t.