Friday, 28th January 2005 (5284 views)

India's exports of gems and jewellery rose by 38 per cent last year, leading the industry to be positive about its future.

The figures from the Gem & Jewellery Export Promotion Council (GJEPC) show that total exports reached $14.33 billion from January through to December, up by $10.4 billion in the year before.

GJEPC Chairman Bakul Mehta told National Jeweler: "We are confident that we [will] surpass the set target of $16 billion by 2007, and are hopeful that this growth rate shall continue."

Mr Mehta claimed that the results show India's industry is "moving in the right direction".

The GJEPC is made up of over 7,000 Indian jewellers and was set up in 1966 as a non-profit organisation.

 

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