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India's Trade in Gemstones and Gold Jewelry Shows Increase

Mumbai - The Gem and Jewellery Export Promotion Council (GJEPC) announced the trade and industry performance for the financial year 2011-2012 today. The Indian gem and jewelry industry has witnessed a marginal decline of 0.36% in FY 2011-­2012 owing to the decrease in trading exports of diamonds. Colored gemstone exports witnessed an increase of 9.10% in dollar terms with sector recording growth from US$ 314.20 million in 2010-2011 to US$ 342.80 million in 2011-2012, while the sector was primarily driven by gold jewelry which registered an increase of 30% in FY '12. read more...

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