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Gem & jewellery exports up

CHENNAI NOV. 1. Gem and Jewellery Export Promotion Council, India's apex body for the gem and jewellery industry, announced a record half yearly growth of 13.61 per cent with total industry exports touching $47.85 billion (Rs. 22,247.04 crores) (provisional) compared to $ 42.12 billion (Rs. 20,471.07 crores) during the same period last year. This was in spite of exports dropping to a record low of 8 per cent due to SARS and the Iraq War in April, which affected the global economy drastically.

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