Gemstones are carefully crafted pieces of wonder that are very famous in India and abroad and are worn for various health, growth, and other benefits. Highly-skilled craftsmen cut and polish these stones and produce premium quality gemstones that adorn your jewelry boxes. But, how did the demand for Jaipur’s gemstones increase? How did Johari Bazaar, one of the biggest jewelry markets in India and abroad, gain popularity for these auspicious stones? How big is the gemstone market in Jaipur? Let’s address all these questions one by one.
India’s & Jaipur’s Gemstone & Jewelry Market
The jewelry industry in India has always contributed to the country’s GDP (approximately 7%). The gemstones worn by people, as recommended by astrologers, have also added to this growth immensely in the recent past.
As far as IKON is to be believed, the gems and jewelry industry will show a growth of approximately over Rupees 1 Trillion between 2020 to 2023 and stand at Rupees 6.64 Trillion. This makes the demand for this niche grow by close to 6% annually. Coming to imports and exports, the exports of gemstone and jewelry from India between April 2021 and March 2022 stand at US$39.31 Billion.
Jaipur, also known as the Pink City, is situated in the north-western part of India. The city is known for its vibrancy which is not just restricted to mere walls but also has spread to its gemstone industry. Jaipur contributes immensely to the cutting, production, and export of gemstones in India.
We all know that Jaipur is the hub of the gem and jewelry market in India, which resulted in the establishment of GJEPC (Gems and Jewellery Export and Promotions Council) here. The gemstone exports from Jaipur met with a slump period when COVID hit India, but the exports recovered quickly in recent times. Much of the exports from Jaipur are to countries like Israel, Thailand, the US, the UK, and Singapore.
Gemstone Price in Jaipur
The prices of gemstones vary depending on several factors. Emeralds can be anywhere between Rs. 200 and Rs. 200,000 per carat. Although that’s expensive in India, abroad, it may go up to Rs. 7,000,000 per carat. While Rubies and Natural Cat’s Eye stones are less expensive than Emeralds (Rs. 300 INR to Rs. 20,000 per carat), they are also high in demand. Moongas, on the other hand, can range between Rs. 500 and Rs. 15,000 per carat.
All About Jaipur’s Johari Bazaar: The Heart of Gemstone Market in Jaipur
Johari Bazaar, situated in the heart of Jaipur, boasts many retailers and wholesalers of precious and semi-precious stones. The market is surrounded by several galleries and emporiums selling gemstones and jewelry.
Jaipur’s Johari Bazaar exudes the rich tradition of the gemstone industry as it was here that small workshops and traders started the business of gemstone manufacturing. The tradition continues even now, with entrepreneurs carrying the legacy by making gemstones available to one and all.
If you want to purchase Blue Sapphire (Neelam), Emerald (Panna), Yellow Sapphire (Pukhraj), Hessonite (Gomed), and other precious and semi-precious gemstones, Jaipur is the perfect destination for you. However, getting a dependable seller is a task that you have to take up. The dazzling collection of gemstones at the Johari Bazaar will surely take you to a world of colors and luxury.
Gemstone Cutting in Jaipur
In the present scenario, gemstone cutting is done in Jaipur by as many as 150,000 artisans. As gemstone manufacturing is carried on at many levels, both organized factories and cottage industries involved in gemstone cutting exist in the Pink City. Both these sectors are significant, and instead of competition, there is an amalgamation of ideas and designs found in the final product. Sometimes, large factories outsource the gemstone cutting work to the artisans belonging to the cottage industry to streamline their business processes.
Demand for Jaipur Cut Gems & How it Fares Compared to Other Countries
The significant contributions made by television retailers are the main reason why there has been an increase in the demand for colored gemstones for which Jaipur is well-known. Jaipur’s gemstone manufacturers outshine others in the cutting and polishing of colored gemstones. Among these gemstones, emerald needs a special mention. It can even give tough competition to industry stalwarts like Sri Lanka and Thailand.
Even tanzanite cutting is done on a large scale in Jaipur. These gemstones are cut in calibrated sizes and marketed all around the world.
Who are the Top Wholesale Dealers in Jaipur’s Gemstone Market?
The gemstone market in Jaipur is dominated by gemstone retailers, stockists, wholesalers, and manufacturers who aim to provide buyers with premium quality gemstones, helping Pink City maintain the position of a leading manufacturer and exporter of gems in India and abroad.
Sanjay Bairathi Gems Limited: One of the Best Gemstone Wholesale Dealers in Jaipur
Sanjay Bairathi Gems Limited, established in 1991 by Mr. Sanjay Bairathi, is situated in Johari Bazaar and has now become one of the Best gemstone shops in Jaipur as far as the wholesale market is concerned. This has been possible due to its focus on providing genuine and premium quality products, and that too on time.
Our gemstones are sourced directly from mines and cut and polished by deft craftsmen working in-house. We source Natural Emeralds from Zambia, Natural Pukhraj & Neelam from Sri Lanka, Rubies from Myanmar, Blue & Black sapphires from Kanchanaburi, Thailand, Australia, and China, Natural Cat’s Eye from Sri Lanka, Natural Moonga from Japan, and Heated Pukhraj from Thailand.
Apart from being a vast market, the gemstone industry also has the presence of fake gems & jewelry. Therefore, it is essential to look for a reliable seller, and SBGL is here to offer you genuine products. Our awards and certifications from the Jewellers Association, Jaipur, FORTI, Jaipur, and JGEPC, Mumbai support this claim. We also have a purity certificate from IIGJ, Research and Lab Center, Jaipur.
We understand the diverse needs of our buyers and provide them with gemstones that have astrological or aesthetic benefits. Our dedicated team constantly strives to provide the best results to our clients. If you want to get a shining emerald or a dazzling Ruby for jewelry or astrological purposes, you can either purchase from us online or contact us for a visit at our office, located in Johari Bazaar Jaipur.
