India gold jewellery exports ‘increase’

Gem and jewellery exports from India rose by 1.45 per cent during the 2008-09 fiscal year, new figures reveal.

Data from the Gems and Jewellery Export Promotion Council suggests that, despite the global economic downturn, demand for gold jewellery remains relatively high in India.

The New Delhi-based organisation states that exports of fine jewellery increased from $20.81 billion in 2007-08 to $21.11 billion last year, though a decline was registered during the second half of the year, the Press Trust of India reports.

Vasant Mehta, chairman of the Gems and Jewellery Export Promotion, said: "The growth in the sector was primarily driven by gold jewellery (exports), which registered an increase of 23.64 per cent in FY 2009."

In related news, Sandeep Kulhalli, Tanishq vice-president of retail and marketing, told DNA India this month that gold jewellery demand in India is expected to pick up ahead of the Hindu Akshaya Tritya Hindu festival.
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