The Indian Industry body- ASSOCHAM- has said the size of the Indian gems and jewellery market is expected to touch 2.13 lakh crore rupees by 2015. A press release said the size of domestic gems and jewellery market is growing at a steady rate of 15 per cent annually. It said the market currently stands at 1.22 lakh crores rupees. The domestic demand is growing and is expected to rise further with onset of the annual festive season during August-October this year. Exports of gems and jewellery are expected to cross 50 billion dollars by the end of this fiscal. The countries where demand is increasing for Indian jewellery include the UAE, US, Russia, Latin America and China. The trend of buying online is also going up. The release said the availability of skilled artisans with expertise in jewellery making, design, and diamond cutting and processing at competitive wages is another reason for growth in the sector.