%% The Gem and Jewellery Export Promotion Council (GJEPC) released the annual Export performance figures for the financial year 2010-2011 in Mumbai. %% One of India’s leading foreign exchange earning sectors over the year has witnessed a considerable growth in the volume of exports from export figures of US$ 29358.49 million in the FY 2009-2010, to US$ 43139.24 million in FY 2010-2011, thus indicating a net increase of 46.89% in the total Gem & Jewellery exports. The growth in the sector was primarily driven by Cut & Polished Diamonds which registered an increase of 54.91% in FY 2011. The exports grew from US$ 18243.92 million in 2009-10 to US$ 28251.92 million in 2010-2011. Cut & Polished Diamonds accounted for 65.49% of the total exports baskets with Gold Jewellery comprising of 29.86% while Colour Gemstones and other accounted for 4.69%. %% Gold Jewellery exports have also been on a rise with the figures accounting for a 33.27 % increase over FY 2011. From US$ 9678.67million in 2009-2010 to US$ 12885.59 million in 2010-2011, the increase is apparent. Colored Gemstone exports also increased by 9.68% in dollar terms with sector witnessing a rise from US$ 286.78 million in 2009-2010 to US$ 314.54 million in 2010-2011. %% FY 2010-11 saw UAE emerge as the largest exporting destination with 47% of exports to the market, followed by Hong Kong with 22% and USA with 11% of exports. %% Mr. Rajiv Jain, Chairman, GJEPC speaking at the Conference said, “Today the industry is looking at a staggering growth of 46.67%, the most we have seen in the past three years. India today is looked upon as one of the leading players in the global arena and at GJEPC we believe that this growth path will continue in the coming year as well.Time has come to establish India as a ‘BRAND’ to reckon with in the Gems & Jewellery sector. Indian Gems & Jewellery Industry today enjoys a leadership position globally in manufacturing of diamonds, which is attributed to the in house expertise of cutting and polishing. The world is eyeing India today for trade across various sectors be it diamonds, colourstone or jewellery From a Trading Hub in Gems and Jewellery, the focus is now to take India a level up in the value chain and promote the sector as a Design Destination Globally, the focus of our new campaign" %%