Gem and jewellery exports from India are expected to reach USD 75 billion by 2030, according to Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC). He added that the industry is witnessing a surge in exports from the state of Karnataka, where gem and jewellery exports from April 2022 to February 2023 grew by 169% year-on-year to reach USD 150.33 million. The GJEPC is supporting the Jewellers Association Bengaluru in setting up a Jewellery Park in Karnataka, which is expected to generate 100,000 additional jobs in the sector for the people of Karnataka. The first edition of the India International Jewellery Show Tritiya is currently being held in Bengaluru until 20 March.
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