Indian Jewelry Exporter's Market
The growth of Indian jewelry and gemstone grew by 16 per cent at USD 28 billion last fiscal , this growth was seen due to revival in demand in major markets as well as recycling of used diamonds.
Indian Jewelry Exporters
Promotion council for Gems and Jewellery Exports, an apex forum of the gems and jewellery industry in the country, expects the rise in exports of jewelry to 20 per cent in the current financial year which can be growth of extra 4 percent as compared to previous fiscal year which was 16 percent,this growth is a result of financial recovery in the global world economy.
The gems and jewellery exports grew by 31 per cent in October-2010 to Rs 12,979.19 crore ($2922.58 million) as compared to the corresponding period last year, as per data from an industry body.
It's proving to be an Indian Christmas and New Year this time as exports boom on the back of a revival in the Western markets and the country's increasing competitiveness vis-à-vis China.
Gold jewellery exports has seen a growth of 6 percents in the first ten months of 2010 to Rs 25,447.74 crore against Rs 24,003.63 crore as compared to corresponding period in the year 2009.
Pankaj Parekh chairman of the gems and jewelry Export promotion council while address to reporters before the opening of the at East India Jewelry Show (EJIS) which was held in MAY-2010, said that "in 2010-11 budget, the government withdrew 2 percent interest subvention to the gems and jewelry industry"
Currently The gems and jewellery market at present is $16 billion. It is expected to become $30 billion in the next four years.
The demand for lower-priced silver jewellery, and dainty 9k, 10K, 14K gold jewellery from retail jewelry stores, television shopping networks across the US and Europe is also rising.
Article Provided by Sangeeta Enterprises
Sangeeta Enterprises is an exporter of artificial fashion jewelry to USA, Australia and various countries in Europe. Sangeeta Enterprises exports artificial fashion jewelry like necklaces, earrings, anklets, pendants, bangles, bracelets. These jewelries are of latest design and are made of different materials like Acrylic,Crochet,Fabric,Glass,Horn, Bone,Metal,Mud Beads,Resin,Shells,Stones,Wood,shells
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