Gems and jewellery exports see decline in FY 2020-21, down by 28% SECTIONS Share 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.