USA is Indias major export market for gem and jewellery products. Exports of around US$9.3 billion goes to the USA market accounting for 25.6% of the total gem and jewellery exports of US$36 billion from the country.
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“The US demand has remained strong since the holiday season. Now, with vaccination in place in Europe, demand will come from those countries soon. Also, the Far East looks promising,” said Vipul Shah, vice chairman, Gem & Jewellery Export Promotion Council.