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Export of Gems and Jewellery.

August 13, 2012

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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.

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