The exports of gems and jewelry in the country has witnessed sharp increase of 16.99 percent and 138.73 percent respectively during first eight months of current financial year against the same period of last year. The jewelry exports during the period under review were recorded at US$ 1.21 billion while during last year, the exports stood at US$ 506.3 million. The gems exports stood at $2.74 million during July-February 2012-13 against the exports of $2.343 million during July-February (2011-12). According to data of Pakistan Bureau of Statistics (PBS), the jewelry exports of the country on month on month basis decreased by 48.07% and increased by 72.22% during February 2013 when compared February 202 and January 2013 respectively. The jewelry exports, decreased from $147.969 million in February 2012 to $$76.841 million in February 2013.