Jewellery Exports Rise
At a time when gold and diamond jewellery exports declined significantly due to weak global demand, shipments of silver jewellery have shot up over the last few years following big investments by local jewellers in technology to produce world-class ornaments.
Data compiled by the Gems & Jewellery Export Promotion Council (GJEPC) showed India’s silver jewellery exports rose 55 per cent to $523.13 million in the April-June quarter of 2015 from $337.46 million in the same quarter of the previous year. By contrast, exports of gold jewellery fell 23.13 per cent to $1153 million in the April-June quarter this year from $1,500.02 million in the corresponding quarter of 2014.
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