India and China at par with U.S.

India and China’s jewellery trade is together expected to reach $230 billion by 2015. This would be a notable feat for the two countries, as they would be at par with America’s jewellery trade, the world’s largest jewellery market till date. According to a KPMG report commissioned by the Gems and Jewellery Export Promotion Council (GJEPC) of India, the collective industry could touch a peak of $280 billion by 2015, at a year on year growth of 6.7%.