This paper focuses on the economics, environment, technologies, and issues experienced by marble industry present in the North western part of India taking Rajasthan as a case study. It classifies various marble deposits located in the surrounding area of Rajasthan with their traditional names. Rajasthan, which is considered as one of the significant states for production of stone and marble, disposes large quantity of marble waste, which is causing a severe destruction to the environment. To make effective use of this disposed waste, a complete study on life cycle assessment according to ISO 14040/44 has to be followed for extraction process of marble stone in order to find some opportunities and potentials for waste minimization. A survey was conducted in different industries to find the type of tools used while machining. A number of local made inserts/segments were collected and characterized. For sawing different stone and marbles (of different hardness number), the proper compositions of the inserts/segments that should be used has been suggested. At last, energy audit was conducted in industries to improve and find out the power consumption. The slurry generated while cutting marble blocks are disposed in two different ways have been demonstrated with different graphs.