Industry & Economy
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Gems & Jewellery
H1 gem & jewellery exports up 20.73 pc
Our Bureau
Mumbai
,
Oct. 19
INDIA'S gem and jewellery exports increased by 20.73 per cent to $8391.91 million (Rs 36,486.74 crore) in the six-month period ending September compared with $6951.01 million (Rs 31,477.34 crore) during the corresponding period a year ago.
During the period, exports of cut and polished diamonds was $6,265.72 million (Rs 27,242.73 crore), a growth of 23.91 per cent compared with $5,056.55 million (Rs 22,911.26 crore), according to the latest data released by the Gem & Jewellery Export Promotion Council (GJEPC) of India.
Mr Bakul R. Mehta, Chairman, GJEPC, said: "The first half of this financial year has witnessed an impressive growth. Looking at the performance, we are confident of achieving the set target of $18 billion for this financial year. Demands for both cut and polished diamonds and jewellery are rising, proving India as the most sought after destination for gems and jewellery in the world."
During the period, total exports of gold jewellery stood at $1,644.56 million compared with $1575.47 million, a growth of 4.39 per cent. Coloured gemstone exports stood at $109.21 million compared with $100.54 million with increase of 8.62 per cent.
The council is undertaking various promotional measures to further enhance the growth of the Indian gem & jewellery industry globally.
The Council led various trade delegations to key markets for diamonds and jewellery such as UK, Canada, Russia, Hong Kong and Thailand.
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