The Ministry of Industry highlighted Indonesia’s growing success in the global jewelry market, with exports of jewelry and valuables reaching USD 4.05 billion during January–June 2025—up 23% from USD 3.29 billion in the same period the previous year. Industry Minister Agus Gumiwang Kartasasmita stated that Indonesia's rich tradition in jewelry-making has not only satisfied domestic demand but also attracted strong international interest from markets like Switzerland, Hong Kong, India, the UAE, and Jordan.

To support this momentum, the government has launched several initiatives, including the establishment of Bank Bullion in February 2025 to improve liquidity and raw material access for gold-based industries. According to Reni Yanita, Director General of Small, Medium and Multifarious Industries (IKMA), the bank is expected to streamline gold supply chains, provide financing solutions, and strengthen the competitiveness of small and medium-sized jewelry manufacturers. With a current global market share of 2.5%, Indonesia ranks 12th in the world for jewelry exports. The Ministry of Industry continues to oversee and develop supportive ecosystems and policies to ensure the sustained growth and global competitiveness of the national jewelry industry.

Source: https://voi.id/en/economy/523563