17 Jan 2019
DiamondWorld Directory
Home |
News
Home
Gems, Jewellery Exports Decline 6.77% in Apr-Nov 2018
The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.
By: Diamond World News Service
|
Jan 9 2019 11:53AM
|
Reference: 16910  

DecreaseIncrease

Gems and jewellery exports contracted by 6.77 per cent to $ 20.74 billion in April-November this fiscal, mainly on account of demand slowdown in major developed markets.

According to the Gems and Jewellery Export Promotion Council (GJEPC) data, exports stood at $ 22.24 billion in April-November period of 2017-18. The labour-intensive sector contributes about 14 per cent to the country’s overall exports. The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments.

As per the data, silver jewellery shipments during the period dipped by 82.6 per cent to $ 503 million. Similarly, export of gold medallions and coins contracted by 84.7 per cent during the eight months of 2018-19. Shipments of rough diamonds too reported a negative growth of 13.4 per cent. But, exports of cut and polished diamonds grew by 6 per cent to $ 16.5 billion during the period under review.

Gold jewellery shipments increased to $ 8 billion during the period from $ 6 billion in April-November last fiscal. India’s main export destinations are the US, Europe, Japan and China. America accounts for about one-fourth of the country’s total gems and jewellery exports. During the period, consignments worth about $ 6 billion were returned compared with $ 5.4 billion in April-November 2017.

Imports of gems and jewellery too dipped by 12.41 per cent in April-November 2018-19 to $17.7 billion. Imports of rough diamonds contracted 13.27 per cent, while that of gold bar jumped to $5.5 billion during the period as against $ 3.3 billion in April-November 2017.

Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
Advertisement
M. Suresh234x60
Search News by City
Advertisement
Kosher 23460
Advertisement
Kosher 23460
Recent Issue
2018
AVAILABLE NOW...!
Advertisement
Kosher 23460
News in Pictures
Videos
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
Spotted: Who Wore What (August 2018)
Pictures: 4
Spotted: Who Wore What (July 2018)
Pictures: 5
Spotted: Who Wore What (19th to 30th June 2018)
Pictures: 11
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 12708
GJEPC Chairman Interview
Views: 11713
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 18330
Promo for IJ Awards 2012 at NDTV Profit
Views: 30341
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 33333
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 9592
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 31700
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 30088
Member of:
Supporter of: