News

May 29, 2019

India’s Jewellery Exports Up In April, But Polished Exports Dip

Exports of cut and polished diamonds from India dropped by 17.64% year-on-year during the month of April 2019, while gold jewellery (plain and studded) exports rose by 11.41% y-o-y during the same month, according to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC).

Exports of cut and polished diamonds stood at US$ 1.64 billion, a decline of 17.64% as compared to the US$ 1.99 bn exported in April 2018. Rough imports dropped during the month by 4.81% to US$ 1.44 billion as compared to US$ 1.52 billion imported during the previous April. In volume terms also, rough imports fell from 15.41 mn carats during April 2018 to 13.85 mn carats in April 2019.

Imports of cut and polished diamonds were down to US$ 77.63 mn in April 2019 from US$ 114.37 mn in the same month a year earlier.

Exports of gold jewellery (both studded and plain) during the month were up by 11.41% to US$ 908.98 million from US$ 815.90 million a year earlier. Exports of silver jewellery rose to US$ 85.77 million in April 2019 as compared to US$ 31.70 million in the same month last year.

Coloured gemstone exports rose to US$ 20.24 million in April 2019 as compared to US$ 19.61 million exported during the same month a year earlier.