The Gems and Jewellery Exports Promotion Council (GJEPC) expects exports growing by 20 percent in the current financial year from 16 percent in the last fiscal due to the financial recovery in the world.
Gems and jewellery exports from India, the world's largest supplier, is expected to grow to US$ 25 billion by 2012, according to the Investment Commission of India.
Exports of gems and jewellery from India, the world's largest supplier, almost doubled to $ 2.56 billion in April over the year ago period, driven by rising demand in the US and UAE markets.