USA is Indias major export market for gem and jewellery products. Exports of around US$9.3 billion goes to the USA market accounting for 25.6% of the total gem and jewellery exports of US$36 billion from the country.
Relief for gems & jewellery sector as US suspends additional tariffs on India freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
India Exports Hit Two-Year High
RAPAPORT. India’s polished-diamond exports reached their highest level in more than two years as manufacturers rushed to meet retail demand. April shipments came to $2.25 billion, compared with $35 million during the onset of the coronavirus pandemic a year earlier. The total was also 37% higher than the same period of 2019, according to recent data from the country’s Gem & Jewellery Export Promotion Council (GJEPC).
India Trade Data for April 2021
$861/carat
$811/carat
Source: Gem & Jewellery Export Promotion Council; Rapaport archives.
About the data: India, the world’s largest diamond-cutting center, is a net importer of rough and a net exporter of polished. As such,
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