The Indian Gem and Jewellery Industry has witnessed a growth of 6.32% with total gem & jewellery exports reaching US$ 16669.11 million (Rs. 73304.29 crores) during the period 2005-06 as compared to US$ 15678.14 million (Rs. 70245.95 crores) in the same period last year. The growth in the sector was primarily driven by the Cut & Polished Diamonds (CPD) segment, which witnessed a remarkable increase of 6.07%. The export sales of CPD grew to USD 11860.49 million during FY 2005-06 from USD 11181.56 million in the corresponding period in FY 2004-05, while total volume of CPD were at 432.72 lakh carats during FY 2005-06 as compared to 479.47 lakh carats in the corresponding period in FY 2004-05.
Gold Jewellery Exports registered a growth of 1.28% with exports recorded at US$ 3861.57 million in FY 2005-06 as compared to US$ 3812.88 million in FY 2004-05.
Colored Gemstones grew by 21.05% to USD 233.32 million in FY 2005-06 as compared to US$ 192.75 million in FY 2004-05.