Jewellery exports grow by 21.8% in Oct

New Delhi, Dec 5 (KNN)  Gems and jewellery exports have increased by 21.8 per cent in October 2013 to USD 3.37 billion compared to the corresponding year.

In October 2012, exports stood at USD 2.7 billion, according to data provided by the Gems and Jewellery Export Promotion Council (GJEPC).

Trade has been boosted owing to rising demand from western markets ahead of Christmas.

"Ahead of the Christmas season, exporters are getting a good number of orders not only from traditional markets like the US, Europe and Middle East but also from emerging ones including Latin America and Africa," a GJEPC official said.

The major markets for the country's gems and jewellery exports are the US, Europe, Middle-East, Hong Kong and Japan.

Among the categories which registered growth in October are coloured gemstones exports, followed by cut and polished diamonds and silver jewellery.