Gem & Jewellery exports in Dec grows 6.3% to $2.49 billion
PTI
Kolkata |
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In Rupee terms, the sector grew by 9.2 per cent in December 2020 to ₹18,261 crore The overall gross export of gems and jewellery remains strong and registered a growth of 6.33 per cent to $2.49 billion during December 2020 as compared to $2.35 billion in the corresponding month of 2019, a senior GJEPC official said.
In Rupee terms, the sector grew by 9.2 per cent in December 2020 to ₹18,261 crore.
However, the overall gross exports of the sector remained down by 39.98 per cent to $16.53 billion during April-December 2020 period as compared to $27.54 billion during the same period last year, the official said.
India s gem and jewellery industry would like to put 2020 behind it as soon as possible. After being badly hit in the first half, the sector that reports a turnover of about $80 billion, nearly half of which comes from exports, and employs over 5 million, saw some of the sparkle returning over the past few months. On the cusp of a new year, it exudes a definite positivity.
Colin Shah, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), the apex body of the export sector says, Considering the encouraging market demand and the current rate of growth, the sector is expected to record exports at pre-Covid levels over the coming year.
RAPAPORT. A new project to combat undisclosed synthetics has launched in India, offering retailers low-cost screening and inscription using a model based on gold hallmarking.
Naturalmark will place tamper-proof seals on parcels of loose diamonds, as well as laser-inscribing finished jewelry, enabling transparency at a consumer level, Surat-based Gourav Sethi, its founder, told
Rapaport News last week.
The program, which launched in October, has received support and funding from regional jewelry associations in India, as well as from a handful of diamond and jewelry manufacturers, said Sethi, who has been a board member at the Surat Diamond Association for 10 years.
Angola/India - Trade Reaches Usd 4 Billion Between 2019 and 2020 allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Angop
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13h52 Luanda â Trade between Angola and India has reached Usd 4 billion from 2019 to 2020, with a positive balance for the latter, Angop learned recently in Luanda.
The information was released by the Indian ambassador to Angola, Pratibha Parkar, during a fraternisation lunch at her official residence.
According to the diplomat, New Dheli imported from Angola crude oil worth Usd 3.7 million and exported to the African nation goods to the amount of Usd 0.3 billion.
She said Angola is Indiaâs second major crude oil supplier, sharing with it 10 percent ot its external trade.
Early in December, Pratibha Parkar was quoted in a note from Indiaâs Gem Jewellery Export Promotion Council (GJEPC) as saying that Angola was open to direct foreign investment from Indian companies, seeking to help develop the countryâs mining potential.