Thursday, 27th May 2004 (4572 views)

The Gem & Jewellery Export Promotion Council has revealed it aims to boost exports in India in the next three years.

Latest targets hope to achieve R16 billion worth of exports in the diamond and studded jewellery sector by 2007.

Shantanu Rajguru, director of the eastern region told The Telegraph India: "India has a stake of two per cent in the 50 billion global market at present. But there is good scope for increasing our share."

Already $12 billion worth of exports have been achieved so far this financial year, with $3 billion conducted in the plain and studded gold jewellery sector.

The council has recently set up a diamond grading and identification workshop to help increase knowledge of how to identify diamonds, aimed at city jewellers and jewellery design students.

 

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