The Indian jewellery industry has an ancient and historical tradition with its own distinct designs, patterns and art forms. For centuries, generations of master craftsmen, most of them illiterate, have helped create and perfect Indian jewellery, in silver, gold and precious stones. But now, the profession has become highly skilled and mechanized, even though unskilled manpower is still utilized.
Both traditional and modern jewellery are manufactured in the Indian jewellery industry. While ancient traditions are retained, new designs are being merged with the old, and many more new designs created, particularly for export. In fact, the gems and jewellery industry is the second
major foreign exchange earner for the country.
It is estimated that the export of gold and studded jewellery is likely to rise to Rs 5,000 crore in the next five years. With a world market currently at $70 billion, India has the potential to become a leading exporter of gems and jewellery.