Indian gem and jewellery exports soar 62%


Growth expected to continue throughout 2010

Gem and jewellery exports in India surged 62% in January to US$2.62bn (£1.7bn) compared to the same period a year ago, according to the Gems and Jewellery Export Promotion Council (GJPEC).

GJEPC chairman Vasant Mehta said that the huge year-on-year rise in exports was the result of weak comparables in January last year when the financial downturn was at its peak, leading to “virtually no exports” out of India.

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Indian exports of cut and polished diamonds were up 89% per cent year on year in January, compared to the corresponding period a year ago, a GJEPC statement said.

GJEPC has high hopes for the rest of 2010 and is expecting Indian gem and jewellery exports to continue to increase.

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