Indian gold jewelery exports rise

Total gems and jewelery exports from India rose to $15.09 billion (£10.11 billion) during the first nine months of the financial year from April 1st, according to new figures.

Data from the Gem and Jewelery Export Promotion Council (GJEPC) showed that total gem and jewelery exports increased slightly from $14.99 billion for the same period of the previous year.

Indian gold jewelery exports for the fiscal year to March 2008 increased by eight per cent to $5.6 billion, with around half transported to the US.

The GJEPC has predicted that demand for gold jewelery will receive a boost during Valentine’s Day and the Chinese New Year this year, despite the current economic slowdown.

Meanwhile, Prerna – Inspired by Jewellery has announced the launch of its Traditional Indian Collection featuring a range of gold bracelets, earrings, pendants and necklaces made by artisans in the country.

The range will be available from stores during 2009 and is heavily influenced by Indian history, Bollywood cinema and fashion.
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