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Wednesday, 19th October 2005 (4011 views)

India's gem and jewellery exports have grown more than 20 per cent since April.

The total value of the country's gem and jewellery exports totalled $8.39 billion in that period, compared to $6.95 billion over the same time frame last year.

Gem and jewellery export promotion council chairman, Bakul Mehta, believes that India's gem and jewellery exports will reach the targeted $18 billion this year.

His cited the continuously growing demand for cut and polished jewellery as a main reason for his convictions.

He said: "The United States is the engine for the growth of our gem and jewellery industry as it accounted for 36 per cent of our total export and the council is taking all steps to sustain and further enhance it."

 

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