Christmas sales have brought sheen back to Indian gems and jewellery units, with exports growing by about 55 per cent at $2.1 billion in November 2009, compared with the same period last year.
“We have got good orders for the festive season from Western markets like the US and the EU,” Gems and Jewellery Export Promotion Council (GJEPC) Chairman Basant Mehta said.
However, in April-November 2009, exports fell 1.02 per cent to $17.62 billion compared to the same period last year, according to GJEPC data.
Segments like coloured gemstones and gold jewellery fell 20 per cent and 2 per cent, respectively.
However, cut and polished diamonds registered healthy growth of 122 per cent.