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Indian jewellery export touches new high
Monday, 10 November 2003, 20:30 IST
KOLKATA: The Indian gems and jewellery sector has logged an impressive 14 percent rise in exports in the first six months of this fiscal, industry officials said Monday.
Exports touched more than 
220 billion between April and September from 200 billion during the corresponding period last year.
"There has been a 13.61 percent rise in exports and it will increase further in the next six months," said Sanjay Kothari, chairman of the gems and jewellery export promotion council.
Kothari said the export figures, which are a new record, could have been even better but for the outbreak of SARS and the war in Iraq.
"These impeding developments affected the international gems and jewellery market badly, but I must say we recovered well," Kothari said.
Indian gems and jewellery products are receiving stiff competition from China and some Southeast Asian countries.
The industry appears poised for some good times as big companies are also considering production bases here.
Source: IANS
220 billion between April and September from 200 billion during the corresponding period last year.
"There has been a 13.61 percent rise in exports and it will increase further in the next six months," said Sanjay Kothari, chairman of the gems and jewellery export promotion council.
Kothari said the export figures, which are a new record, could have been even better but for the outbreak of SARS and the war in Iraq.
"These impeding developments affected the international gems and jewellery market badly, but I must say we recovered well," Kothari said.
Indian gems and jewellery products are receiving stiff competition from China and some Southeast Asian countries.
The industry appears poised for some good times as big companies are also considering production bases here.
Source: IANS