NEW DELHI: Christmas season has brought the glitter back to gems and jewellery units, with the precious metals exports turning positive in September for the first time after 11 months.
Exports, which started melting from October 2008 under the heat of recession in the West, have registered a 2 per cent increase in September this fiscal over a year ago.
These exports increased to $2.56 billion for the month under review, according to the data released by the Gems and Jewellery Export Promotion Council.
Though the expansion is moderate, it has brought the optimism back among the exporting community ahead of the Christmas.
“Jewellery exporters are getting good number of orders as there is a healthy demand from the Western markets,’’ the Federation of Indian Export Organisation President, Mr A. Sakthivel, said.
Source : Business Line