India's appreciating rupee threatens its exports

The appreciation of the Indian rupee measured against the dollar is posing a danger for India�s gem and jewellery exports. According to a research analysis on the 'Gems and Jewelry Patterns' in India, for every 12 diamonds set in a piece, 11 are processed in India. Considering the importance of India�s exports in jewellery and diamond stones, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has seeked government advise to help curb the appreciation.