India’s gems and jewellery exports plunged 17% in dollar terms in 2012

by Paul Joseph on January 30, 2013 · 0 comments

According to the data released by the Gems and Jewellery Export Promotion Council (GJEPC), India’s exports of gems and jewellery (G&J) in 2012 witnessed a plunge of 17.09 percent in dollar terms and 4.65 percent in rupee terms. With the GJEPC statistics revealing that there was an overall fall of $38.3 billion (Rs 2.05 lakh crore) in India’s G&J exports in 2012, vis-a-vis a year back figures of $46.2 billion, the decline in exports is apparently an upshot of a stagnated demand in the markets of West Asia and Europe. read more

[via Stock Watch – Stock Specific News]

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