New Delhi: Data released by the Union government revealed that the export of gems and jewellery from the country has crossed Rs 3 lakh crore in the financial year 21-22. Gems and jewellery sector is a focus area for export promotion.
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The export of gems and jewellery has witnessed a 9 fold rise in the last two decades. Gold and diamond trade contributes about 7% to the GDP and employs over 50 lakh people. India ranks first in the export of diamond and silver jewellery.
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