Monday, February 04, 2008
The Indian jewellery market has reached the export of $17.1 billion in US dollars during the year 2006-07, which earned lot of foreign exchange for India. According to the Gem and Jewellery Export Promotion Council (GJEPC), which is based in Mumbai, said that the exports of diamonds alone have reached US $9.77 billion last year. The World Gold Council (WGC) has also said that this year alone, India consumed about 1,000 tons for the first time.
The Swarovski, which is a global crystal goods manufacturer and marketer, is on an expansion spree in India and hopes to achieve at least 5 to 10 per cent of its global turnover from India in the next 10 years. The company has planned to set up about 30 stores by 2009, from the current of 13. Similarly, the Damas India, which is one of the largest jewellery retail outlets in the world, is adding 16 new stores to its present 12 stores in India.
posted by kanth
@ 10:52 PM
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