GJEPC (2008) highlighted that the global economic collapse has affected the Indian gems and jewelery industry. Updates on the diamond industry and the reduction of value-added measures for the gem and jewelery industry were also discussed. Export and import data of gems and jewelry products were also displayed in this newsletter. Mital, Amita (2008) analyzed issues related to competition, demand and supply stipulation of gems and jewelery products of India. Government initiatives and regulations to encourage exports of gem and jewelry products are also discussed. In his study, Mital pointed out that the demand for gems and jewelry depends on savings factors such as economic growth, employment levels, income levels, tax rates and credit availability, and competition is mainly based on quality , design, availability and price of the products. He said that under the industrial policy, up to 100% foreign direct investment is permitted in the gems and jewelery sector. Bijlani, Shanoo, and Regan Luis (2010) reported that the gem and jewelry industry has the capacity to grow to an approximate value of $45 billion to $100 billion by 2015. They stated that the gem and jewelry industry Jewelry comprised two major sub-segments: gold and diamonds, while the former constituted 80% of the jewelry market. Gems and Jewelry Products (GJP) is expected to grow at a compound annual growth rate of 15%. However, the Indian gem and jewelery market is unregulated and prices are mainly based on the value of gold and the cost of labour. GJEPC (2009) discussed the major highlights of the Foreign Trade Policy (FTP) 2004-2009 for the gems and jewelery sector. Studied the contribution of different gems and jewelery products in India's export... middle of paper... notable increase in gems and jewelery exports in India. From Table 1, it is found that the export of natural pearls is expected to grow by 31,065.23% from fiscal year 2008-09 to fiscal year 2017-18. In Table 2, it is found that the growth of diamond export is 114.55% from fiscal year 2008-09 to fiscal year 2017-18. From Table 3 it appears that stone export is expected to grow by 5899.73% from fiscal year 2008-09 to fiscal year 217-18. From Table 4, it is found that gold export is expected to grow by 35988.1% from fiscal year 2008-09 to fiscal year 2017-18. In Table 5, it is noted that the export of jewelery items is expected to grow by 246.97% from fiscal year 208-09 to fiscal year 2017-18. Gems and jewelry industry play a vital role in the development of an economy. It can expand its markets in the global economy and can be recognized as global by the exporters of other countries and prove that it is equally good at exporting.