Mumbai: For the period of April–December 2022, the overall gross exports of Cut & Polished diamonds (CPDs) declined 1.24% to ₹132,075.47 crores (fell 7.67% in dollar terms to US$ 16,625.45 million) as compared to ₹133,737.22 crores (US$ 18,006.79 million) for the same period last year.
The Ukraine-Russia conflict has started to affect the Cut & Polished Diamond exports that has witnessed 40% decline in rough diamond import from Russia in six months from March 2022. The diminishing imports in the first 6 months of this fiscal year has resulted in overall decline in CPD and overall gem & Jewellery exports in the month of December . The zero CoVID policy an d the recent withdrawal of the same has also affected negatively the consumer demand of diamond jewellery in China.
In December 2022, the overall gross export of Cut & Polished diamonds declined 21.50% to ₹10,472.92 crores (declined 28.25 % in dollar terms to US$ 1,270.36 million) as compared to ₹13,341.66 crores (US$ 1770.61 million) in December 2021.
For the period of April to December 2022, the provisional gross export of total Gold Jewellery (plain & studded) grew 14.81% to ₹56,984.60 crores (7.13% in dollar terms to US$ 7,155.30 million) as compared to ₹49,635.03 crores (US$ 6,678.91 million) for the same period last year.
For December 2022, the total gross export of Gold Jewellery (Plain & Studded) a decline of 4.55% to ₹4,635.64 crores (declined 12.62% in dollar terms to US$ 562.48 million) as compared to ₹4,856.47 crores (US$ 643.74 million) for the same period last year.
For the month of December 2022, the total gross export of all kinds of Studded Gold jewellery declined 21.95% to ₹2,265.90 crores (declined 28.51% in dollar terms to US$ 275.03 million) as compared to ₹2,903.01crores (US$ 384.69 million) in December 2021.
For the period of April to December 2022, provisional gross exports of all kinds of Studded Gold jewellery surged 10.63% to ₹ 32,741.69 crores (3.29% in dollar terms to US$ 4,113.37 million) as compared to Rs. 29596.70 crores (US$ 3,982.41 million) for the same period last year.
In the fiscal year-to-date, provisional gross export of Polished Lab-Grown Diamonds grew 54.22% to ₹10,587.36 crores (44.10% in dollar terms to US$ 1,330.18 million) as compared to ₹6,865.22 crores (US$ 923.11 million) for the same period last year.
During April 2022 to December 2022, provisional gross export of coloured gemstones jumped 37.42% to ₹2,269.94 crores (28.39% in dollar terms to US$ 285.51 million) as compared to ₹1651.78 crores (US$ 222.37 million) for the same period last year.
From April to December 2022, provisional gross export of Silver Jewellery increased 37.65% to ₹20,064.61 crores (28.29% in dollar terms to US$ 2,515.45 million) as compared to ₹14,576.44 crores (US$ 1,960.76 million) for the same period last year.
For the period of April 2022 to December 2022, provisional gross export of Platinum Jewellery grew 28.34% to ₹211.03 crores (19.54% in dollar terms to US$ 26.49 million) as compared to ₹164.43 crores (US$ 22.16 million) for same period last year.
