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Indian polished diamond exports climbs 26 75%
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India s Gem & Jewellery Exports Rise by 9% to Rs 46414 38 Cr in April-May 2021
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Synopsis
Exports of cut and polished diamonds (CPD) in April grew to Rs 16,538.84 crore as compared to Rs 261.19 crore in April 2020.
The key export markets have opened for economic and social activities and the industry is receiving good orders from these major export markets.
MUMBAI: The demand for gem and jewellery is back in major export markets, as the overall shipments of gems and jewellery surged to Rs 25,226.11 crore year-on-year in April 2021, according to Gem and Jewellery Export Promotion Council (GJEPC).
The overall gems and jewellery exports stood at Rs 273.41 crore during April 2020, when India as well as the major export markets were going through lockdowns to curb the spread of COVID-19, GJEPC data showed.
Gem and jewellery exports witness a growth of 16 63% to US$ 3369 65 million in April 2021
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Gems and jewellery exports see decline in FY 2020-21, down by 28%
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Synopsis
Colin Shah, chairman, GJEPC said, “FY 2020-2021 was an exceptional year, yet the industry has shown resilience, adapted to the new normal and strived towards attaining recovery in exports in the second half of the year. Post witnessing a decline in the first three quarters, the gem and jewellery exports have witnessed a remarkable growth of 12.73% in Q4
The financial year 2020-21 witnessed a decline of 28.46% in gem and jewellery exports to US$ 25.31 billion compared with US$ 35.37 billion in the fiscal year 2019-20, as per the data released by the apex body, Gem and Jewellery Export Promotion Council (GJEPC). However, there is a significant increase in the exports witnessed in the last quarter of the financial year ended March 31st 2021, with an increase of over 12.73% as compared to the same period last year.