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Increased demand in the leading markets like US and Europe has given a push to the exports of gems and jewellery by 16 percent to USD 28.41 billion in 2009-10, Gem and Jewellery Export Promotion Council (GJEPC) informed on Friday.
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.
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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.