| Date: |
05-04-2010 |
| Subject: |
Gems and jewellery exports continue to glitter |
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New Delhi, Apr 4 (PTI) India's gems and jewellery export continued to shine for the fourth consecutive month with consignments growing by an impressive annual 55 per cent to USD 2.2 billion in February, highlighting demand pickup in the western markets.
Number one contributor to the country's export basket, gems and jewellery exporters have seen reversal of fortunes since November 2009, after almost a year of downturn which followed recession in several key markets in the US and Europe.
Since the situation had deteriorated significantly last year, the rebound in February 2010, looks impressive because of the small volumes (low-base effect) in 2009, Chairman of the Gems and Jewellery Export Promotion Council Basant Mehta said.
Source : PTI
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