Mumbai: India's gems and jewellery industry is all set to make an impact in the upcoming jewellery show in the US and expect to obtain huge export orders for this fiscal. The industry will showcase its designs and innovations in this mega event at the JCK Las Vegas jewellery show to be scheduled from June 1 to 4.
"We expect to get large size jewellery and diamond orders for the next couple of months that will boost the overall sentiments. It is an opportunity to further accentuate India's growing recognition in the international arena as the global destination of gems and jewellery," says Rajiv Jain, chairman of Gems and jewellery export promotion council ( GJEPC).
The council has invited country's leading manufacturers and retailers to display their latest designer jewellery in the categories of mass produced, couture and further that of gold, platinum and silver.
The council has joined hands with the country's successful campaign- India Incredible and signed 'Sonam Kapoor' as brand ambassador for the event. The gems and jewellery industry in the last fiscal has gone up by 5% at Rs 2.04 lakh crore against Rs 1.95 lakh crore in previous fiscal.
The gems and jewellery sector accounted for India's 14% total merchandise exports. On the contrary, the imports of raw materials for making gems and jewellery stood up at 32% at Rs 72,160 crore in Fy 12 over Rs 54,564 crore last fiscal.
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