Exports of gems and jewellery to grow 10% this year

Praveen Shankar Pandya, Chairman of Gem Jewellery Export Promotion Council (GJEPC) said that markets improve slowly, especially US and Europe to some extent. Close to 10 percent growth in the gems and jewellery exports led by polished diamonds is expected based on the growth in demand in these markets.

According to government data, total exports witnessed 28.26 percent growth at Rs 1.44 lakh crore during April-December 2016, compared to Rs 1.12 lakh crore in the corresponding period of 2015. Cut and polished diamonds saw flat growth at Rs 13,499.76 crore in the period, compared to Rs 13,537.21 crore in the same period of the previous financial year.


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