India’s Jewellery Exports More than Double this Year

Mumbai: The gold jewellery exports from India recorded significant surge of 114.67% year-on-year to $3,764.48 Million (Rs. 22,786.77 crore) during the period from April to November this year.

Also, the exports of silver jewellery picked up significantly by 28.79% year-on-year to $1,310.54 Million (Rs. 7,951.80 crores) during the eight-month period, in accordance with the latest data released by the Gems and Jewelry Export Promotion Council (GJEPC).

According to GJEPC, country’s cut and polished diamond exports during April to November this year reached $15,857.10 Million, declining by 6.76% over the previous year. The country’s export of Colored Gemstones plunged by 40.71% from $470.09 Million during Apr-Nov ’13 to $276.73 Million in Apr-Nov ‘14. The exports of Pearls and Synthetic stones witnessed sharp fall of 20.67% from $54.55 Million in Apr-Nov ‘13 to $43.05 Million in the corresponding eight-month period in 2014.

India’s gold medallions & coin exports have declined slightly by 7.56%. The exports dropped to $5,987.84 Million (Rs. 1,001.22 crore). The export of Rough diamonds from the country was down 7.89% in Apr-Nov ‘14. The total exports of Rough diamonds during the period totaled $961.36 Million (Rs. 5,814.10 Crore).

In short, the figures released by the country’s Export Promotion Council demonstrate robust growth in exports of Gold and Silver Jewelry, whereas a sharp decline in exports of Pearls, Synthetic Stones, Pearls, Gold Medallions and Coins during the initial eight-month period of the current fiscal year.