Exports of gems and jewellery from India, the world's largest supplier, rose 45% in December from a year earlier, driven by sales of diamonds. Shipments rose to $1.89 billion in the month, from $1.3 billion a year earlier, according to preliminary data published on the Gem & Jewellery Export Promotion Council's website. Overseas sales rebounded in December from a year-earlier month when the domestic industry suspended purchases of rough diamonds amid the credit crisis and global recession. Exports may rise as much as 5 percent in the year to March 31, 2010, Vasant Mehta, chairman of the council, said on Wednesday.
Source : Financial Express