Press Information Bureau

Government of India

Ministry of Commerce & Industry

13-August-2012 16:33 IST

Export of Gems and Jewellery

According to DGCIS, the export of gems and jewellery during 2011-12 (P) was US $ 46,956.95 million as compared to US $ 40,508.72 million in 2010-11 and registered a growth of 15.92%.

Government has taken a number of steps to increase the export, such as providing financial assistance for participation in international fairs, organizing buyer-seller meets etc. under Market Development Assistance (MDA) and Market Access Initiative (MAI) Schemes of the Department of Commerce. Government has also announced a number of measures in the Foreign Trade Policy (FTP) 2009-14 to promote export of gem & jewellery such as permission to import diamonds on consignment basis for certification/grading & re-export by specified agencies, increasing the limit of personal carriage of Gems & Jewellery products in case of participation in overseas exhibitions and in case of export promotion tours etc.

This information was given by the Minister of State for Commerce & Industry Shri Jyotiraditya M. Scindia in written reply to a question in Lok Sabha today.

DS/GK

Export promotion measures for gems and jewellery expand consignment certification, market access assistance and relaxed carriage limits to boost trade. Government measures to support gems and jewellery exports include financial assistance for international fairs and buyer-seller meetings under the Market Development Assistance and Market Access Initiative schemes, permission to import diamonds on a consignment basis for certification/grading and re-export by specified agencies, and increased personal carriage limits for participation in overseas exhibitions and export promotion tours.