Jewelry exports buoyed by surging demand in world market
14 Jul '06
1 min read
Gems and jewellery trade has recorded 52 percent jump in export value from US $286 million to $435 million during January-May period, according to a spoksman of IBGM.
Total export of country that includes cut as well as uncut gems is projected at $1 billion crossing previous year figure of $834 million.
The quantum jump suggests the fast growing jewellery market which Brazil has been able to cap.
Meanwhile, exports of gold bars, threads and plates reached 239 million, 76 percent increase against $136 million for the same period of January-May, 2005.
World Gold Council's figures reveal that jewellery had the major share in the gold consumption in 2005 which stood at 2,712 tons out of the total consumption of 3,727 tons worldwide.
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