India's gem and jewellery exports has fallen by 15% in december 2011 to $3 billion because there is high prices and poor demand from Europe and US. During April-December 2011, the gems and jewellery exports had raised by 11.65% to $32.1 billion. Indian imports raw bullion metals and gems and exports Jewellery i.e. we prepare value added goods from this raw materials. The devaluation of Indian Rupee with respect to the dollar also added to lower demand of the commodity in the global market. UAE, HONKONG are major market for Indian Gold and gem Jewellery.
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