Rapaport
POWERED BY Rapaport
  Skip Navigation LinksHome » News » Latest News » News Story

  News Search
Type
 Topic
 RDR Issue
 Keyword
 Author
   [Clear]

Calcutta Jewellers Expecting Growth During Downturn
By Art of Jewellery Posted: 11/17/08 11:12
Submit Comment 
RAPAPORT... Art of Jewellery: Jewelry companies in Calcutta are riding out the current downturn in the industry, bolstered by their decision not to shift from handcrafted manufacturing to technology-based machinery manufacturing.

The fact that the 22-karat handcrafted jewelry from Calcutta is mainly exported to the Middle East and Gulf regions rather than to the U.S. has meant that there has been no negative impact on its demand.

There seems to be expected growth this year for Caluctta-based jewelers. This was reiterated by Pankaj Parekh, eastern region chairman of the Gem and Jewellery Export Promotion Council (GJEPC). "Last year, the total exports from Calcutta were worth INR 20 billion ($412.88 million), and we are looking at a growth this year," he said.



NC
  Print  | Submit Comment 
| Email Article | Send Feedback |
Share
Previous Item | Back to List | Next Item  
 
 
 
 


© Copyright 1982-2010 by Martin Rapaport. All rights reserved. | Terms of Use | Privacy Policy | Legal Notices
Index®, RapNet®, Rapaport®, PriceGrid™, Diamonds.Net™, and JNS®; are TradeMarks of Martin Rapaport.
 While the information presented is from sources we believe reliable, we do not guarantee the accuracy
or validity of any information presented by Rapaport or the views expressed by users of our internet service.