Gem, jewelry exports down 28% last financial by admin- Tuesday, April 13th, 2021 08:03:56 AM
Cut and polished diamond exports fell 12 consistent with cent to $16 billion ($19 billion), while that of gold jewelry extra than halved to $five billion ($12 billion).
Hit by way of Covid-19, gem and jewelry exports dropped 28 per cent remaining monetary to $25 billion in opposition to $35 billion within the previous economic 12 months, as consistent with the Gem and Jewellery Export Promotion Council information.
Cut and polished diamond exports fell 12 per cent to $sixteen billion ($19 billion), whilst that of gold jewellery extra than halved to $five billion ($12 billion).
However, silver jewellery shipments increased 39 according to cent to $2 billion ($1.Sixty seven billion) even as coloured gemstone exports declined forty two in line with cent $187 million ($320 million).
In rupee phrases, usual gemstones and jewelry exports declined through 26 in step with cent to ₹1.86-lakh crore (₹2.50-lakh crore) in FY21. CPD exports fell nine consistent with cent to ₹1.20-lakh crore (₹1.32-lakh crore), whilst gold jewelry shipments had been down fifty eight according to cent to ₹35,483 crore (₹eighty four,271 crore).