MUMBAI (MINEWEB) -
With the Indian government cracking down on gold, the metal's poor cousin, silver, has shot into the limelight. Silver jewellery exports are expected to lead this fiscal year, given the geographical expansion into the markets of CIS (Commonwealth Independent States) and eastern Europe, both of which have benefited silver jewellery.
Silver exports are likely to jump 30% this financial year in India, against $797 million a year ago. In December alone, provisional exports of silver jewellery touched $73.85 million.
According to provisional data from the Gems and Jewellery Export Promotion Council, exports of silver jewellery during April to December 2012, jumped ...