Saturday, January 17, 2009

India's Gem and Jewellery Exports Up 9 Percent

India's gems and jewellery exports rose nine per cent to Rs 66,249.73 crore during April-December 2008 as compared with Rs 60,779.15 crore in the same period last year, according to the Gem and Jewellery Export Promotion Council.

Gems and jewellery exports in dollar terms rose marginally by 0.59 per cent at $15,087 million from $14,999 million, a data released by GJEPC said.

Net exports of gems and jewellery, excluding export of rough diamonds, jumped by 7.41 per cent at Rs 63,572 crore in April-December 2008 as against Rs 59,184 crore a year ago.

Exports of cut and polished diamonds grew by 10.91 per cent at Rs 45,153 crore in the same period from Rs 40,711 crore. However, quantity in carats decreased by 1.35 per cent to 308.02-lakh carats from 312.23-lakh carats.

Exports of rough diamonds also shot up by 67.94 per cent at Rs 2,677 crore from Rs 1,594 crore in the same period last year. Quantity too increased from 185.93-lakh carats to 248.56-lakh carats, GJEPC said.

Source: Economic Times

* Note: 1crore = 10million, 1lakh = 100,0000

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