India Ends Fiscal Year With 20% Rise in Diamond Exports

 "The Indian gem and jewelry industry rose like a phoenix," said GJEPC Chairman Vasant Mehta.

India's diamond exports totaled $17.54 billion in fiscal 2009-2010, according to figures released by the Gem and Jewellery Export Promotion Council (GJEPC), a 20.1 percent increase from the previous year. Gold jewelry exports rose 9.4 percent to $9.42 billion.

Total industry exports rose 16 percent to $28.42 billion during the period.

Recovering from the economic slowdown of last year, the Indian gem and jewelry industry quickly regained resumed business, and gained a larger market share in the global