India's diamond and jewellery exports during April to August 2002 have witnessed a healthy 30 per cent growth in rupee terms, and over 25 per cent in US dollar terms. The high demand is attributed to the US, which, despite the fact that it is struggling on the growth track and is battling hard with the after effects of the plunging stock prices and consumer spending is busy buying higher quantity of diamonds and diamond studded jewellery, especially from India.
NSTL
