India Gem & Jewellery exports increased by 46.89 percent in 2010

One of India’s leading foreign exchange earning sectors has witnessed a considerable growth in the volume of exports from export figures of US$ 29358.49 million in the FY 2009-2010, to US$ 43139.24 million in FY 2010-2011, thus indicating a net increase of 46.89 percent in the total Gem & Jewellery exports. The growth in the sector was primarily driven by Cut & Polished Diamonds which registered an increase of 54.91 percent in FY '11. India Gems & Jewellery exports are expected to grow at a whopping 15 percent – 20 percent in FY 2011-2012.