Gems & Jewellery constitute 17% of India's export, of which a significant contribution comes from Rajasthan. Jaipur is one of the most important & vibrant Gems & Jewellery clusters in the country.

Close to 300 years old, Jaipur is world's largest center for cutting and polishing of coloured gemstones. Over the past decade, the industry has witnessed a complete transformation. With heavy investment in technology, gemstone cutters have forward integrated and have started jewellery manufacturing. 80% manufacturers produce gems and balance 20% jewellery. There are 100 active exporters and 1500 sub-contractors in Jaipur. The industry provides employment to almost two lakh persons directly and indirectly. 

A wide pool of skilled manpower - designers as well as artisans - is available in the region. A number of training institutions also exist for capacity building.

Incentives 

To strengthen this industry, following supporting measures will be taken:

• Government will provide support for setting up of national/international level Gems & Jewellery training centres. Land will be allotted at 50% applicable reserve or DLCrate to accredited institutes or upto 10% of coupon rate.
• Industry associations will be provided interest subsidy to set up Hallmark Certification Centres and Gems Testing Centres, if established as a separate legal entity with nonprofit objective.
• Government shall promote setting up of a Gem Bourse of international standards. Land will be provided at a centrally located place in the city, at a concessional rate. This project would have to be established as a separate legal entity with non profit objective.

Rajasthan Investment Promotion Scheme (RIPS) 2010 | See Scheme

The Government has announced RIPS 2010 for setting up of new enterprise, enterprises going for expansion, modernization and diversification, and projects set-up for common social good. All kinds of investments are eligible under this scheme. The new scheme also simplifies the procedure for grant and disbursement of subsidy, and introduces transparency in system, by introducing the system of online disbursement of subsidy.