The recovery of the US economy foreshadows good prospects for India - the export of diamonds and diamond jewelry demonstrates growth, returning smiles to the faces of Indian jewelry manufacturers. After a two-month lull, jewelery exporters began receiving large orders from American customers for jewelry products of all price categories. In response, the chairman of the Gem & Jewelery Export Promotion Council, Vipul Shah, said: "In the current fiscal year, jewelry manufacturers forecast sales growth in the US market to be 25-30%. The US is gradually recovering from the recession, and this is noticeable in terms of the number of requests from this country. We are seeing an increase in demand after a lull that lasted almost two months. "
Recently, the Indian government is desperately trying to deal with the growing trade deficit by taking a number of measures to limit the import of gold. In June, gold imports to India fell sharply to 40 tons compared to 162 tons imported in May 2013.
Of course, the growth of exports of precious stones and jewelry is good news for the Indian government, which is ready to meet jewelry manufacturers. According to Vipul Shah, Trade Minister Anand Sharma recently met with jewelery exporters, assuring them that they will be provided with stable supplies of gold. Sharma said that if any of the authorized agencies can not ensure the supply of gold