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Wednesday, 16th April 2008 (3388 views)

India's gold jewellery exports represented a 27 per cent share of the nation's total gems and jewellery exports during the last financial year, it has been claimed.

Sanjay Kothari, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), announced the news in Mumbai on April 15th.

As well as market share information, Mr Kothari revealed that both plain and studded gold jewellery exports grew by 8.07 per cent in the 2007-08 financial year compared to the previous 12-month period.

In monetary terms, this equated to an increase from $5.20 billion (£2.63 billion) to $5.62 billion over the course of the year.

When reflecting on India's total gem and jewellery exports over the same period, the GJEPC chairman stated that the figure had rose from $17.08 billion to $20.88 billion, which represents a hike of 22.27 per cent.

The GJEPC has around 6,500 members spread across India and is primarily involved in promoting Indian gem and jewellery exports.

 

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