Gem & jewellery exports rise 16% in FY10

Gem & jewellery exports rise 16% in FY10

Mumbai: The gem and jewellery exports rose 16% in 2009-10 compared to the same period a year ago, driven by increased sales of cut and polished diamonds.

Exports rose to $28,414.64 million in FY10 from $24,495.58 million in FY09, the Gem and Jewellery Export Promotion Council said in a release.

Cut and polished diamond exports rose 20% to $17,542.29 million whereas gold jewellery exports increased 9% to $9,424.33 million.

Gem and jewellery exports contribute 13% to India’s total merchandise exports.

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