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Indian gem and jewellery exports witness a growth of 12.28% during April 2021 to Jan 2022
Total exports of gem and jewellery were recorded at INR 2.4 lakh crore
By: Diamond World News Service
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Feb 16 2022 2:19PM
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Reference: 26182  

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Colin Shah, Chairman, GJEPC of India
Colin Shah, Chairman, GJEPC of India

The Indian gem and  jewellery export sector has shown quick recovery post the pandemic with exports so far accounting for Rs. 2.4 lakh crores, a 12.28% growth (in dollar terms 6.5% growth to US$ 32.37 billion) during April 2021 to January 2022 as compared to Rs. 2.14 lakh crore (US$ 30.40 billion) during the same period in April 2019 to January 2020.

Among the Top 10 gem and jewellery export destinations, UAE has witnessed the highest fall of 41.50% followed by Belgium 15.81%, Japan 12.20%, and Hong Kong 3.06% during April 2021 – January 2022 as compared to April 2019 – January 2020.

Some verticals of Indian gems and  jewellery exports have shown significant recovery during April 2021 – January 2022 and are listed below.

During the month of January 2022, the overall gross exports of gems and  jewellery at Rs. 24426 crores is showing a growth of 18.24% (13.23% in dollar terms to USD 3281.63 million as compared to Rs. 20658.85 crores (US$ 2898.08 million) for the same period of 2020.

During April 2021 to Jan 2022, the overall gross exports of cut and  polished diamonds at Rs. 149001 crores is showing a growth of 29.59% (22.94% in dollar terms to US$ 20057.49 million as compared to Rs. 114980 crores (US$ 16315.37 million) for the same period of April 2019-January 2020.

In January 2022, cut and  polished diamond exports at Rs. 15261 crore is showing a growth of 29.81% (24.32% in dollar terms to US$ 2050.25 million) as compared Rs. 11756 crore (US$1649.13 million) in January 2020.

Gold jewellery exports from April 2021 to January 2022 declined 20.11% to Rs. 57109.73 crore (declined 24.24% in dollar terms to US $ 7680.96 million) as compared Rs. 71483.72 crore (US$ 10130.38 million) from April 2019 to January 2020. Gold jewellery exports in January 2022 declined 8.79% to Rs. 5639.06 crore (12.64% in dollar terms to US$ 757.81 million) as compared to (Rs. 6182.79 Crore (US$ 867.45 million) in January 2020.

Plain gold jewellery exports from April 2021 to January 2022 declined 53.52% to Rs. 23782.82 crore (55.95 % in dollar terms to US $ 3198.47 million) as compared to Rs. 51171.65 crores (US$ 7261 million) from April 2019 to January 2020.

Studded gold jewellery exports from April 2021 to January 2022 grew 64.07% to Rs. 33326.91 crore (55.78 % to US $ 4482.49 million) from Rs. 20312 crore (US$ 2877.39 million) from April 2019 to January 2020.

Silver jewellery exports from April 2021 to January 2022 grew 90.30% to Rs. 16300.92 crore (81.05% to US$ 2192.26 million) as compared to Rs. 8565.88 crore (US$ 1210.87 million) from April 2019 to January 2020.

Coloured gemstone exports in April 2021 to January 2022 declined 6.62% to Rs. 1909.90 crore (declined 11.23% to US$ 257.04 million) as compared to Rs. 2045.35 crore (US$ 289.55 million) from April to December 2019.

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