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Monday, 14th September 2009 (4865 views)

Exports of Indian gold jewellery saw a significant rise last month, according to new figures.

Statistics from the Gem and Jewellery Export Promotion Council (GJEPC) show that exports of jewellery made from the precious metal rose by 40 per cent in August compared with the same month in 2008.

Calling this a "remarkable" increase, the GJEPC added that the total value of exported gold jewellery stood at $545 million (£329.5 million) last month, up from $388 million a year ago.

Gold jewellery exports by dollar value rose by 0.77 per cent in the three months to July, the organisation said.

The GJEPC is set to take part in the 2009 Bangkok Gems & Jewellery Fair, which begins tomorrow (September 15th) and runs until September 19th.

A number of gold jewellers from India - the world's largest consumer of gold - will display their wares at the event. Buyers from India, the US, Australia, Japan and Hong Kong are expected to be in attendance.

 

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