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Mumbai , Nov. 15

GEMS and jewellery exports from the country increased to Rs 22,247.04 crore during the first seven months (April-October) of the current fiscal, up 13.61 per cent over Rs 20,471.07 crore during the same period last year, according to the Gem and Jewellery Export Promotion Council (GJEPC).

The council's provisional figures said polished diamond exports were up 17 per cent in October to $874 million. This took polished exports for the first seven months to $4.7 billion, 13.7 per cent higher than last year.

In October 2003, gold jewellery exports increased by 43.5 per cent to $194.3 million, while gold jewellery exports grew 26 per cent to $1 billion.

"In spite of discouraging factors such as fall in exports to 8 per cent in April due to three major factors like SARS problems, Iraq war and fall in the rupee against the dollar, our exports rallied by 13.61 per cent in dollar terms and 8.68 per cent in rupee terms," Mr Sanjay Kothari, Chairman, GJEPC, said.

The main reason behind this achievement was international exhibitions, which were conducted, in the last six months. These exhibitions generated a lot of interest in this sector, he said.

He also mentioned that the success of Indian International Jewellery Show 2003 and the recently concluded, Jewellery Arabia 2003 in Bahrain as one of the important factor behind this remarkable achievement.

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