Page 2 - Gems & Jewellery Export

Exim Bank pegs exports to grow around 8% in Dec after two months of decline

For Q3 as a whole, it sees outbound shipment declining by 1.77%

Gems, jewellery exports to fall 25-30% this fiscal due to Covid-19: GJEPC

Gems and jewellery exports are projected to decline by 25-30% this fiscal as there was a "complete washout" of the first quarter due to lockdown to curb spreading of the Covid-19, the GJEPC said

Gems, jewellery exports slump 38% to $1.36 bn in July as Covid-19 bites

India's cut and polished diamond exports in July fell 39% from a year ago to $918.4 million, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement

India's gem, jewellery exports shrink 38% in July on weak global demand

The exports stood at $2.2 billion (around Rs 15,112 crore) in July last year

GJEPC to host industry's first virtual buyer-seller meet on Aug 27-28

The Gem and Jewellery Export Promotion Council of India (GJEPC) on Wednesday said it will host the industry's first virtual buyer-seller meet (VBSM) on August 27 and 28 amid the Covid-19 pandemic.

Rate of contraction in gems and jewellery exports slows down in June

Though the June figure compares poorly YoY, it's much better than April and May

Lockdown impact: Gems, jewellery exports dip 82% in Apr-May to Rs 4,328 cr

Similarly, gold jewellery exports during the last two months declined 92 per cent to Rs 634.38 crore from Rs 7,927.47 crore in April-May 2019

A silent Surat: No orders, dormant looms and no diamond polishing

The final part of the series looks at how industries are waiting for demand to bounce back

Only consumer goods may see green shoots amid coronavirus pandemic

The Covid-19 impact on various sectors of the Indian economy would depend on the longevity of the outbreak and the lockdown. Except for essentials in the consumer goods, most sectors would be impacted

March Gem & Jewellery exports halve as Covid-19 delivers a body blow

The lockdown is the latest in a string of adverse events to have hit the industry

As coronavirus scare spreads, gem and jewellery exports may lose sheen

The gems & jewellery industry has estimated an additional loss of 5 per cent in its exports in the immediate term

Jewellery business stares at prolonged slowdown, exports down by 9.17%

Cut and polished diamond exports fell 5.67 per cent in January 2020 to $1.65 billion. In the first 10 months of this fiscal year, it was down 16.8 per cent to $16.32 billion.

Jewellery exports dip 5.4% in Oct over trade war, Hong Kong protests

The exports stood at Rs 26,010.87 crore in October 2018, according to data given by the Gems and Jewellery Export Promotion Council (GJEPC)

Jewellery exporters seek Rs 6,000-cr tech upgrade fund for working capital

PNB scam, IL&FS default have dried up working capital loans for thousands of MSMEs, which are now struggling to stay afloat

Gems & jewellery industry in turmoil as exports fall sharply in August

Gold jewellery exports to the US in August increased 5.58 per cent to $910.87 mn

Indian exporters fret as shipment value to troubled Hong Kong dips 6.6%

A drop in the number of people attending a key trade fair in Hong Kong later this month following advisories against travel to the city could further weaken India's exports, experts say

US-China trade war: India's gem and jewellery export gets a boost

If the tariff is actually implemented, China's gold jewellery export to US will not be viable and Indian exporters will get an opportunity to fill that gap

Soon, govt may re-introduce credit insurance scheme for jewellery exporters

Since the $2-billion Punjab National Bank scam was discovered last year, the entire gems and jewellery sector has faced a massive liquidity crunch, as banks have put it on a negative list

Fresh US tariffs on China expected to spur India's gold jewellery exports

In 2018-19, India's total exports of gold jewellery to the US was $1.9 billion which was actually 16.4% lower than the preceding year's $2.3 billion

Gems & jewellery export likely to grow by up to 5% on high US demand

This would be in line with positive growth in exports of cut and polished diamonds and gold jewellery to the US during April-October