Gems, Jewellery Exports May Rise 15 Percent Higher in 2013: Trade Body

January 29, 2013 9:53 AM GMT

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(Photo: Reuters)<br>diamonds
(Photo: Reuters)
diamonds

India's gems and jewellery exports are expected to rise 15 percent in 2013 against $38.28 billion worth of overseas shipments in the previous year, a leading industry official said on Tuesday.

Silver exports are likely to go up by 25-30 percent this year against $797 million a year ago, Pankaj Kumar Parekh, vice-chairman of the Gems and Jewellery Export Promotion Council, told a news conference.

India ships most of its gems and jewellery to the United States but exporters have been trying to diversify into other markets as well.

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