Gems & Jewellery Export

Gem, jewellery exports rise 24% to Rs 28,832 cr in February: GJEPC

India's gem and jewellery exports grew 24 per cent to Rs 28,832.86 crore in February following a recovery in the Chinese and Middle East markets, GJEPC said on Thursday. The overall gems and jewellery exports during February 2022 stood at Rs 23,326.80 crore, Gem and Jewellery Export Promotion Council (GJEPC) said in a statement. In February 2023, the overall shipments of cut and polished diamond (CPD) increased 32 per cent to Rs 19,582.38 crore compared to Rs 14,841.90 crore a year ago. The total export of gold jewellery (plain and studded) rose 29.89 per cent in February to Rs 5,829.65 crore against Rs 4,488.30 crore in the year-ago period. "We are excited about the strong pace of demand observed by Indian exhibitors at the recent Hong Kong show, which revealed the untapped demand in the Chinese market. "In February, India saw 32 per cent growth in CPD exports, which can be partly attributed to the strong demand from China and the Lunar New Year festivities," GJEPC chairman Vipul

Rajasthan is making efforts to achieve Rs 1 trn exports target: REPC chief

Rajasthan has traditionally exhibited strength in the export of handicrafts, gems and jewellery, dimensional stones, agro & food, and textile products

Gems, jewellery exports rise 12% to Rs 19,855 crore in November: GJEPC

The gems and jewellery exports grew 11.83 per cent to Rs 19,855.17 crore (USD 2,429.86 million) in November compared to the year-ago period on the back of resumption of manufacturing activities after Diwali, GJEPC said on Monday. The exports stood at Rs 17,755.28 crore (USD 2,380.97 million) in November 2021, according to the Gem and Jewellery Export Promotion Council (GJEPC). "November is usually marked with resumption of manufacturing post the Diwali break that resulted in a rise in gem and jewellery exports by 12 per cent. "The USA and Hong Kong remained the two biggest pillars of India's overall gem and jewellery export growth for the period of April to November 2022, accounting for USD 9,211.39 million and USD 5,781.90 million, respectively," GJEPC Chairman Vipul Shah said in a statement. With the easing of Covid restrictions in China and the upcoming Chinese New Year, there may be hope on the horizon, he added. In November, the overall gross export of Cut and Polished Diamon

India's exports contract for first time in 2 years; imports moderate

Decline 17% to $29.8 billion in October

After growth in first half, jewellery exports may face challenge in H2

After witnessing a cumulative growth of 6% during the first six months of FY23, the second half of the year could be slightly 'challenging' for exports of gems and jewellery items

UAE accounted for 15% of India's gems and jewellery export in FY22

The UAE is an important export market for Indian gems and jewellery, accounting for around 15 per cent or USD 5.8 billion in FY 2021-22, according to a top official of an industry body

Surat diamond industry pins hope on new mines amid staggered work

With some mines in Botswana being put to work, rough diamond trade could ease by 10% amid US sanctions on Russia's Alrosa which commands 27% global supply

Gem, jewellery exports rebound 56% to touch $39 bn in FY22: GJEPC

Gems and jewellery exports rebounded in 2021-22 to touch USD 39.15 billion, showing a nearly 55 per cent jump compared to the previous financial year, industry body GJEPC said on Thursday. The gross gems and jewellery exports stood at USD 25.40 billion during 2020-21, the Gem and Jewellery Export Promotion Council (GJEPC) said in a statement. Meanwhile, in March the overall gross gems and jewellery exports went up by 4.33 per cent to USD 3,393.29 million, a decline of 0.46 per cent compared to USD 3,409.07 million for the same period in FY21. "India's exports to global markets bounced back 54 per cent, demonstrating the agility of the Indian G&J pipeline in adjusting quickly to an uncertain business environment marked by temporary Covid lockdowns and unprecedented demand surges," GJEPC chairman Colin Shah said. With annual exports of USD 39.15 billion, the Indian gems and jewellery sector has maintained its promise of contributing a 10th of the country's overall USD 400 billion ...

Gems and jewellery exports up 6.5% to $32.37 bn during April-Jan: GJEPC

Gems and jewellery exports rose by 6.5% to USD 32.37 billion during April-January this fiscal, said industry body GJEPC on Wednesday.

India's exports rise 28.51% to $8.67 billion during February 1-7

India's exports grew by 28.51 per cent to USD 8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering according to preliminary data .

Gems and jewellery exports up 71% during Apr-Dec to $28.9 billion

Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel

India's December gems, jewellery exports up 29% against pre-pandemic 2019

Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.

Gems, jewellery exports grow 5.76% to $29 billion in Apr-Dec 2021

Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand

Export of gems, jewellery more than double in first 7 months in FY22: Goyal

The union minister also said that the government has taken various measures to promote investment for the growth of the sector

Gem, jewellery exports rise 29% to Rs 23,259 crore in Sept: GJEPC

Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council

Gems and jewellery exports grows to record Rs 24,239.81 cr in Aug

The year 2020 was a near washout for exports due to closure of borders and other Covid-19 related disruptions

Proposed FTA with UAE to boost jewellery, engineering exports: exporters

India has started negotiations for the agreement with the UAE, which is the third largest trading partner of New Delhi.

Exports up 52.39% to $7.71 bn during June 1-7 on healthy shipments growth

India's exports grew by 52.39% to USD 7.71 billion during first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products

Gems, jewellery exports surge to Rs 25,226 cr in April: GJEPC

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)

Gems, jewellery exports decline 25.71% in fiscal year 2021: GJEPC

The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21