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Gems & jewellery exports may grow 15% in FY14: GJEPC

Gems & jewellery exports may grow 15% in FY14: GJEPC

India’s gems and jewelry exports are likely to increase 15 per cent to $45 billion in the current financial year on revival in global demand, especially in the US, export promotion body Gems and Jewelry Export Promotion Council (GJEPC) said on 12th April. The country is estimated to have exported $39 billion worth of gems and jewelry in financial year 2012- 13, it said.

“We expect our exports to increase 15 per cent in the ongoing 2013-14 financial year,” GJEPC Chairman Vipul Shah said on the sidelines of India Gems and Jewelry Fair 2013 here.

The demand in the US market is improving, but recovery in the European market would take some more time, he said.

The major markets for the country’s gems and jewelry include Europe, the US, the UAE and Hong Kong. Exporters are focusing on new markets like Latin America, Russia and Africa, he added. Shah added that total exports in the last year fell 9.3 per cent in dollar terms mainly because of sluggish demand in the wake of global economic slowdown. Gems and jewelry constitute 17 per cent of India’s total exports and the sector employs 1.5 million people.

This “Amer” Line was inspired by the palaces of Rajasthan, the beauty of the Amer fort Each piece from the Amer Collections had motifs reminiscent of the architectural designs of the fort. They create stunning earrings designs from the pillars of the fort and heart stopping designs of lord Ganesha pendant recreating from the Ganesha pole gate.

In the beginning of the show, beauty of Amer fort was displayed by audio visual presentation. Then first jewelry for ladies was display in a long show and then men’s jewelry was displayed by male models. These various eye catching designs made this collection perfect.