<p>Gems and jewellery exports dipped by 17.69 per cent in March to Rs 22,755.81 crore due to 2 per cent import duty on polished diamonds, Gems & Jewellery Export Promotion Council (GJEPC) said. The exports in March, 2011 stood at Rs 27,649.18 crore.<br /><br /></p>.<p>In fical year 2012, however, there was a marginal rise in exports of about 4.64 per cent to Rs 2,04,823.66 crore compared to Rs 1,95,735.84 crore in the previous fiscal, GJEPC Chairman Rajiv Jain said.<br /><br />The exports of cut and polished diamonds witnessed a decline of 13.64 per cent to Rs 1,10,978.84 crore 2011-12 compared to Rs 1,28,514.06 crore in the previous fiscal. The growth in the sector was mainly driven by gold jewellery, which registered a growth of 10.04 per cent. Coloured gemstone exports witnessed an increase of 15.40 per cent to Rs 1,653.13 crore compared to Rs 1,432.54 crore.<br /></p>
<p>Gems and jewellery exports dipped by 17.69 per cent in March to Rs 22,755.81 crore due to 2 per cent import duty on polished diamonds, Gems & Jewellery Export Promotion Council (GJEPC) said. The exports in March, 2011 stood at Rs 27,649.18 crore.<br /><br /></p>.<p>In fical year 2012, however, there was a marginal rise in exports of about 4.64 per cent to Rs 2,04,823.66 crore compared to Rs 1,95,735.84 crore in the previous fiscal, GJEPC Chairman Rajiv Jain said.<br /><br />The exports of cut and polished diamonds witnessed a decline of 13.64 per cent to Rs 1,10,978.84 crore 2011-12 compared to Rs 1,28,514.06 crore in the previous fiscal. The growth in the sector was mainly driven by gold jewellery, which registered a growth of 10.04 per cent. Coloured gemstone exports witnessed an increase of 15.40 per cent to Rs 1,653.13 crore compared to Rs 1,432.54 crore.<br /></p>