Jewellers woo global buyers with direct purchase offers as exports decline

Data compiled by industry's apex body shows a 7.43% drop in India's gems and jewellery exports

Faced with a sharp decline in India's gems and jewellery exports during the first half of the current financial year, apex industry body the Gems and Jewellery Export Promotion Council (GJEPC), under the Ministry of Commerce, invited over 110 leading global buyers to India to enhance their trading directly with Indian suppliers of polished diamond.

Importers of polished diamond from the United States, Russia, Turkey and China directly dealt with Indian suppliers. The importers, who were visiting India for the first time, evinced interest in continuing purchase from Indian suppliers.

This is the first of its kind meeting between buyers