Commerce and Industry Minister Piyush Goyal on Saturday requested the gem and jewellery trade to focus on areas like design, diversification of export product basket and lab grown diamonds with a view to increase outbound shipments and job creation.
He mentioned that exports from the sector have elevated to USD 23 billion through the April-October interval of this fiscal.
Focus on 4 factors within the coming interval. Good design needs to be patented; embrace new issues reminiscent of pearls, platinum and vogue jewellery within the exports basket; enhance collaboration with companies of different nations for fusion jewellery; and (focus on) lab grown diamonds, he mentioned on the inauguration ceremony of Gems & Jewellery Manufacturing Association, 2021.
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