India’s gems and jewellery sector heavily relies on exports, particularly to the United States. In the fiscal year 2023-2024, India recorded total exports of gems and jewellery amounting to $32.85 billion, out of which $9.95 billion were shipped to the US, making up 30.29% of the sector’s total exports. This highlights the significant role that the US plays in driving India’s gems and jewellery export market. The sector’s performance in exports to the US underscores the importance of maintaining strong trade relations between the two countries. The consistent demand for Indian gems and jewellery in the US market reaffirms India’s position as a key player in the global gems and jewellery industry. The Indian government and industry stakeholders need to focus on sustaining and expanding this market share to ensure continued growth and profitability in the sector. As India continues to solidify its position as a leading exporter of gems and jewellery, leveraging its competitive advantages will be crucial for maintaining its market share and driving future growth in the industry.