On Monday, the Gem and Jewelry Export Promotion Council of India (GJEPC) informed that seeing the rising export demands for jewelry, it is expected that the gem and jewelry shipments may reach ₹1.6 lakh crores in 2021.
The export demands for jewelry have improved in September.
"If the current pace of exports continues to be around USD 2-2.5 million every month, then we'll end the year between USD 20-21 billion," GJEPC Chairman Colin Shah informed reporters at a virtual press conference.
"We have been extremely aggressive in the last 3-4 months during this pandemic times in taking various initiatives, especially on the digital front. Our virtual buyer-seller meets and the India global connects that we've been doing every fortnight. They've really helped in not only connecting the entire trade together, but also in boosting business," he also said.