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Jewellery

India-Australia trade deal expected to boost gems, jewellery sector; annual volume seen at USD 2 bn

The Gem and Jewellery Export Promotion Council (GJEPC), the industry body, expects the trade agreement to boost bilateral gem and jewellery trade from USD 1.3 billion at present to USD 2 billion annually. Key commodities exported to Australia are plain gold jewellery, studded jewellery, and cut and polished diamonds. The main commodities imported from Australia are precious metals -- gold and silver bars.

Better internet penetration driving online jewellery sales in India: World Gold Council

Online jewellery sales in India have seen rapid growth over the past few years, largely driven by demand from millennials amid growing internet penetration, World Gold Council said. Most online sales, it said, are driven by consumers aged between 18 and 45 and while online jewellery purchases have risen, the average ticket size has, however, remained between 5 and 10 grams.