December gems and jewellery imports dip 11%
India's imports of gems and jewellery fell over 11% to Rs
15,735 crore in December after a sharp drop in shipments of gold bars and jewellery due to government curbs, the industry body said. The country had imported gems and jewellery worth Rs 17,692 crore in the same month in 2012, it said. "There has been a significant decline in import of gold bars and jewellery because of restrictions. However, import of diamonds is on the rise," Gems and Jewellery Export Promotion Council chairman Vipul Shah said. Import of gold bars fell 45% to Rs 2,111.58 crore last month from Rs 3,816 crore a year earlier.