India’s jewelry exports climb 32%
Economic Times, India
MUMBAI: Exports of jewelry from India, the world’s largest producer, climbed 32 per cent in the two months ended May as overseas sales of diamonds rose.
Exports reached $3.18 billion, compared with $2.4 billion a year earlier, the Gem & Jewellery Export Promotion Council said in an e-mailed statement on Thursday.
Diamond exports climbed 7.6 per cent to $1.74 billion, while jewelry sales gained 10 per cent to $674 million. Exports from special economic zones surged sevenfold to $704 million. Sales of gemstones rose 3.4 per cent to $39.5 million, while shipments of rough diamonds gained 3 percent to $82.2 million.
India’s exports of gems and jewelry rose 2.7 per cent to $17.1 billion in the year ended March 31 from $16.6 billion a year earlier, according to council’s Web site.
