Indian Jewelry » Antique Diamond Jewelry

In fact, the latest jewellery thrust for exports is mainly being developed by Indian diamantaires. They have established diamond jewellery units in the exclusive Exports Processing Zones. They have the experience to run modern factories as well as the funds to get state-of-the-art technology and tools. Besides, inhouse production of polished goods proves economical as well as expedient. It even helps in reducing accumulated inventories of polished goods by absorbing some of the excess polished production. These exporting units have also lately been allowed to sell some of their modern jewellery production within the country.

Diamonds in National Economy:
Diamonds have gradually become vitally important for India's economy as they contribute more than ninety per cent to the large outflow of gems and jewellery from the country. The labour-intensive, diamond industry being run without foreign collaboration, has been providing employment to lakhs of Indians. Since inland purchases are still modest and most of the Indian production of cut and polished diamonds is despatched to other countries, the diamond industry as well as its jewellery offshoot are bringing back foreign exchange in large amounts. Thus, it contributes substantially to the national exchequer. Because most of the material exported after processing is initially imported in the rough form, it is actually the skill that India is exporting, thereby earning substantial added-value.