Last Updated :
23 January 2012 at 11:30 IST
India's gem and jewellery exports decline 15% y-o-y in Dec 2011
NEW DELHI (Commodity Online): Due to high prices and poor demand from Europe and US, India's gem and jewellery exports down 15% year on year in December 2011 to $3 billion, according to Gem and Jewellery Export and Promotion Council(GJEPC).
While, the gems and jewellery exports had grew 11.65% to $32.1 billion during April-December 2011, reported PTI
Indian imports raw percious metals and gems and re-exports value added goods like Jewellery.
The depreciation of Indian Rupee against the Dollar also added to lower demand of the commodity in the global market.
UAE, HONKONG are also major market for Indian gold and gem Jewellery.
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