India :Gemstone and Jewelry Exports Rise 4.5%



MUMBAI--- India's gems and jewelry exports increased 4.5% from a year earlier in April to $3.22 billion, as prices-and demand rose, the Gem and Jewellery Export Promotion Council-said.


The country exported gems and jewelry worth $3.08 billion in April 2010.
India exported gold jewelry and gold medallions worth $1.02 billion in the first month of this fiscal year, compared with $1.03 billion a year earlier, the trade body said on its website.
Exports of cut and polished diamonds increased to $2.04 billion-from $1.93 billion, while silver jewelry shipments-jumped 34.6% to $40.33 million.


India also-exported coloured gemstones worth $16.60 million, up 51.2% from a year earlier, the trade body-said.
The government backed council is the largest-body representing the industry in the country.


India-exports mainly to the U.S, the Middle East and Southeast Asia. The country's gems and jewelry exports are likely to rise 15%-20% in 2011-12, Rajiv Jain, chairman of the trade body, said last-month.
Gems and jewelry exports-jumped 47% to $43.1 billion in 2010-11.

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