Page 23 - March / April 2023 : Diamond Digest Issue

“The Indian gem and jewellery industry is a significant contributor to the country’s economy, employing 5 million people and accounting for 10% of India’s total Merchandise Exports. There are 390 districts identified as G&J Clusters with over 1 million gem and jewellery manufacturing units. India has a thriving export sector, accounting for USD 40 billion annually. The country exports jewellery to countries all over the world, including the United States, Europe, the Middle East, Asia and many more”, Mr. Vipul Shah added.
Mr. Shah invited G20 delegates to explore the opportunities of doing business with the Indian gem and jewellery industry and build a brighter future together as part of the G20’s One Earth, One Family, One Future mandate. “As a country, we are ready to work with our partners around the world to further develop this vibrant industry.” said Mr. Shah.
The industry recognises that sustainability is a global imperative and hence have been investing in new technologies and processes to reduce our carbon footprint and conserve resources. The industry focuses on promoting ethical practices and responsible sourcing, to ensure that it contributes to the well-being of their workers, communities, and the planet.
The gems and jewellery industry has a long-standing tradition of engaging in philanthropic activities on a large scale. It has consistently demonstrated a commitment to social responsibility, supporting education and healthcare initiatives, and providing aid during natural disasters. Many leading jewellery companies have set up charitable
foundations that focus on a wide range of causes, including women’s empowerment, child welfare, and environmental conservation.
Quote of this issue
The Truth is simple. The complications in the universe are of man's own making
23 • Diamond Digest • March - April. • 2023