The Minister for Commerce & Industry, Textiles, Consumer Affairs and Food & Public Distribution Shri Piyush Goyal inaugurated the India International Jewellery Show (IIJS) Signature at Mumbai on 18 February 2022. • The IIJS Signature event is being organised by the Gem and Jewellery Export Promotion Council (GJEPC). • The event will be held from 18 to 21 February 2022. • The Minister said that the Gems and Jewellery sector is likely to achieve the export target of $40 billion in 2021-22. • The total export of the Gems and Jewellery sector in 2021-22(April to January ) was $32.13 billion(source PIB) • The United States of America is the largest market for Indian Gems and Jewellery . FACTS • India share in the total world export of Gems and Jewellery in 2020 was 3.5% • India was ranked the 7th Largest exporter of Gems and Jewellery in the world in 2020. • Switzerland is the largest exporter of Gems and Jewellery in the world. • India is the largest exporter of diamonds in the world • India is the largest exporter of cut and polished diamonds in the world . Surat in Gujarat processes about 90% of the cut and polished diamonds of the world . • India is the 4th largest exporter of Gold Jewellery in the world • India is the largest exporter of silver jewellery in the world