Indian exports see increase in stones

Gold jewellery faces a dip
Indian exports see increase in stones

The Indian diamond and gem industry recorded a 22.67 percent increase in total exports for the period April – June 2008, as compared to the same quarter of last year. The total provisional exports, which included cut and polished stones, rough diamonds, gold jewellery, gemstones, pearls, non-gold jewellery and synthetic stones amounted to $5301 million.

Of this, the percentage increase in value of rough diamonds superceded the percentage increase of cut and polished diamond exports. Rough exports increased over last year’s value by 97 percent amounting to around $ 252 million, whereas last year it was $128 million. Cut and polished diamond exports surged by 31.64 percent in value, amounting to $3780 million, while last year it was $2876 million. The quantity of cut and polished diamonds exported was higher as almost 102 lakh carats left the country in the said quarter, while last year it was 87 lakh carats. Rough diamonds too saw a surge in quantity of exports from 54 lakh carats in the same quarter of last year to almost 90 lakh carats in the three months, this year.

Jewellery, especially gold jewellery did not much attract the buyer, as it faced a dip of 4 percent in the said quarter, valued at $1150 million, while last year it was valued at almost $1200 million. Contrary to this, coloured gemstone jewellery increased in exports by 29.47 percent amounting to $68 million, while last year it was around $54 million.


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