The country's gems and jewellery exports grew 4.5 per cent year-on-year to $3.21 billion in April, on the back of rising demand from western markets like the US and Europe. Exports during the same period of 2010-11 stood at $3.07 billion, according to the Gems and Jewellery Export Promotion Council (GJEPC) data.
The council is upbeat about the exports' growth in 2011-12. “Exporters are witnessing good demand for their products from the US and European markets. We expect the exports to grow 10-15 per cent in the current fiscal compared to the last year,” the GJEPC Chairman, Mr Rajiv Jain, said.