US demand drives India's gems and jewellery exports in 2016-17

Shipment up 8.95%, US share increases from 22.07% in FY16 to 23.44% in FY17

India's gems and jewellery exports jumped by 8.95 per cent for financial year 2016-17 on recovery in demand from the United States (US), Hong Kong and the United Arab Emirates (UAE), the three destinations accounting for over 75 per cent of India's overall shipment of precious ornaments by value.

Financial year	Export value ($bn)
2004-05	15.66
2005-06	16.70
2006-07	17.16
2007-08	20.92
2008-09	24.89
2009-10