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Gems And Jewellery Eyes New Markets

Summary :: Exports of gems and jewellery fell 4.66 per cent year-on-year in April-November 2019 and the trend is likely to persist in the rest of the current fiscal.

Gems and jewellery exporters are eyeing new markets such as Russia, Brazil, Vietnam, Singapore, France and Italy after the adverse impact of economic slowdown in China and unrest in Hong Kong on shipments in this financial year.

Exports of gems and jewellery fell 4.66 per cent year-on-year in April-November 2019 and the trend is likely to persist in the rest of the current fiscal.

“At this juncture, the trade has to explore newer markets,” said Colin Shah, vice chairman, Gem an ..

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