The Indian silver firms are reported to be going through a transition phase, upgrading their technologies to conform to international standards. The short supply of gold in the country and the rising prices of the yellow metal have in a way benefited silver jewellery manufacturers. The Indian silver exports to the U.S. and the European countries have grown significantly during this period.
The technology up gradations at Indian Silver manufacturing facilities has increased the popularity and demand of Indian Silver in the Western world. According to the most recent data released by the Gems and Jewellery Export Promotion Council (GJEPC) indicates that Silver jewellery exports surged 109% during the first eleven months of the current fiscal.
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