India’s gems and jewellery exports cross Rs 25,000 crore – The Gems and Jewellery Export Promotion Council (GJEPC) has announced a 9.18 percent increase in India’s gems and jewellery exports in the month of October. As a result of this increase, the export amount has reached 2,998.04 million US dollars or Rs 25,194.41 crore. GJEPC said that such an increase in exports has been seen due to improved demand for cut and polished diamonds. Exports of CPD (cut and polished diamonds) also increased by 11.32 percent to 1,403.59 million US dollars (Rs 11,795.83 crore) in the month of October, which is more than last year’s record.
A GJEPC official considered this growth a welcome one for the industry and hoped that this trend would continue. He has also expressed optimism over Donald Trump becoming the US President and expressed confidence in his promise. He said that the support for revival in trade, business and supply chains under Trump’s leadership will boost the global demand for gems and jewellery. With this success, the Indian gems and jewellery industry has decided to take steps to expand in new areas.
