| The signs of global economic recovery have given | | | | Data complied by the Gems & Jewellery Export |
| new life to the Indian diamond processing industry, with | | | | Promotion Council (GJEPC) shows that jewelry |
| exports orders rising sharply by 20 percent as retailers | | | | exports has turned around to positive territory, with |
| gear up for the Christmas and New Year holidays, | | | | shipments witnessing a marginal growth of 2.26 |
| according to Business Standard. | | | | percent in September compared to the sharp decline |
| Consumer demand for precious jewelry is signaling a | | | | of over 30 percent early this year. |
| rebound in the economy and supporting a revival for a | | | | Gems and jewelry exports constitute about 13 percent |
| key industry in India’s export market. | | | | of India’s merchandise export basket. They |
| Export orders began to take off in August and are | | | | recorded an export turnover of US$2,566 million in |
| projected to continue rising till the end of October. A | | | | September 2009, as compared to US$2,509 million in |
| senior official from one of India’s largest jewelry | | | | the same month last year. |
| exporters stated: “We have regained last | | | | This article was written for the India business news |
| year’s lost ground. We cannot say whether the | | | | website, The site is contributed to by the experts at |
| entire industry has gained the same rate of growth. | | | | Dezan Shira & Associates, who maintain |
| But, there is a general consensus that the Indian | | | | accountants in Mumbai and Delhi, as well as |
| diamond processing industry has achieved the level of | | | | accountants in Hong Kong and other Chinese cities. |
| exports orders in 2007.” | | | | |