The Indian export market for gems and jewellery grew by 1.45 per cent in fiscal year 2009 over the previous year.
The growth in the sector was primarily driven by gold jewellery exports. Exports of cut and polished diamonds saw a decrease.
The UAE is the largest export destination, followed by Hong Kong and the United States.
The Gem & Jewellery Export Promotion Council is the apex body for this industry involved in promoting Indian gems and jewellery internationally.
Source : Business Line