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India gem, jewellery exports up 1.45 pct in FY09

22 Apr 2009, 1249 hrs IST, REUTERS NEW DELHI: India's gem and jewellery exports rose 1.45 per cent to $21 billion in FY09, despite falling 18.88 per cent in the second half of the fiscal, hit by the slowdown in the US, an industry body said on Wednesday. The modest rise in exports was mainly due to increase in exports of gold jewellery, The Gem & Jewellery Export Promotion Council (GJEPC) said in a statement. Gold jewellery exports rose 23.64 per cent in FY09 to $6.86 billion, the statement said. India's polished diamond exports fell 8.24 per cent to $13.02 billion in the fiscal, GJEPC added.