India’s gems and jewellery exports rose over 11 per cent to $6.78 billion during the first two months of the current fiscal, largely driven by demand in major markets like the US.
In April-May last year, the exports aggregated to $6.1 billion, according to the Gems and Jewellery Export Promotion Council. The labour intensive sector contributes 14 per cent to the country’s overall exports.
The rise in shipments was mainly supported by exports of silver jewellery, and gold medallions and coins.