“India’s gems and jewellery exports fell about 41 per cent year-on-year to $2.3 billion in June, 2013 on account of shortage of gold and limited inventory in domestic market. In June last year, these exports stood at $4 billion, according to the Gems and Jewellery Export Promotion Council (GJEPC). ‘The exports declined drastically in June as there was a shortage of raw-material for jewellery manufacturing. This was because the government had taken steps to curb gold imports,’ GJEPC chairman Vipul Shah said.
The major markets for the country’s jewellery exports are the US, Europe, Middle-East, Hong Kong and Japan.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Judge calls D.C. police officer charged with child sexual abuse a ‘danger’
Bitcoin start-up nabs Goldman board member
India IT training school offers Bitcoin course
The rich are saving cash at a record pace
Al-Qaida chief Ayman al-Zawahiri says U.S. behind coup against Mohamed Morsi
Jim Rogers: Prepare for market panic
NYPD To Launch All-Seeing System To Track Crime
Inside the crypto bro fest that took over New York City
Mexico: Border schools adjust to influx of English-speaking students
Can Congress stop Trump from supporting Saudi Arabia's war in Yemen?
Aeroflot sees obstacles to low-cost Russian air travel lifted soon
Holder promises not to pursue death penalty against Snowden
Delaware taxpayers increasingly on the hook as Fisker auto plant idles
Puerto Rico bonds crash high-yield municipal debt party
Up in Smoke