ALSO READNote ban to benefit jewellery sector in long run: Jewellery Industry Gems and jewellery exports to EU worth $3 bn at risk Gems, jewellery exports up 11% to $14.43 billion in April-August FY'17 Diamond jewellery sector to remain subdued on volatility Gems and jewellery industry wants GST of 1.25 %
"We live in an era where diamonds are used in spectacles, watches and pens. Can't our jewellers create and change global tastes and fashions?" Prime Minister Modi said while addressing the International Diamond Conference in Mumbai via video conferencing.
Prime Minister Modi further said the Indian importers had to go abroad to view and purchase rough diamonds which has reduced the efficiency of the supply chain.
"What is your strategy for increasing India's share of the hand-made jewellery market? The industry could think of encouraging start-ups by entrepreneurs who can create a growing market for Indian jewellery," he added.
"The Council should consider taking a census of the lowest-paid and least prosperous persons in your industry. Can the industry ensure that every one of them is enrolled in the government's low cost social security schemes," he added.