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The Indian Jewellery market, estimated to be USD $ 13.5 billion in the fiscal year 2006-2007, accounts for 8.3 % of the world jewellery sales, according to a recent study by KPMG. According to the Gem & Jewellery Export Promotion Council (GJEPC) of India, the industry grew by a robust 27 % export during the first half of the current fiscal year at USD $ 9.4 billion as compared to USD $ 7.4 billion in the corresponding period of 2006. Likewise, exports of gold jewellery rose to USD $ 5.62 billion, up from USD $ 5.2 billion while that of coloured gemstones rose to USD $ 276.42 million from USD $ 246.4 million.
corresponding period of 2006. Likewise, exports of gold jewellery rose to USD $ 5.62 billion, up from USD $ 5.2 billion while that of coloured gemstones rose to USD $ 276.42 million from USD $ 246.4 million.