27 Sep 2022
DiamondWorld Directory
-
Home |
News
Home
Strong Global Demand Drives 16% growth of India’s Gem & Jewellery Exports in October
Cut & Polished diamond exports grew by 31.11% to US$ 2560.27 million in October 2021
By: Diamond World News Service
|
Nov 17 2021 2:54PM
|
Reference: 25998  

DecreaseIncrease

 India’s gem and jewellery exports witnessed a 16% growth in October 2021 versus 2019, owing to strong demand from key export destinations, especially the US. Overall gross exports of Gems & Jewellery in October amounted to US$ 4170.59 million (Rs. 31241.090 crore) as compared to US$ 3610.07 million (Rs.  25647.06 crore) for the same period in 2019.

During April – October 2021, the overall gross exports of gems & jewellery at US$ 23658.13 million (Rs. 175373.01 crore) grew 4.82 % (10.71 % in Rs term) as compared to US$ 22570.41 million (Rs. 1,58,404.21 crore) in 2019.

 Colin Shah, Chairman, GJEPC said, “The overall sentiment in the gem and jewellery industry is quite positive. Manufacturing activity peaked in the pre-Diwali period, reflected by the 16% jump in exports for October due to strong demand from key markets, led by the US. I estimate that this spike would be immediately followed by a dip in manufacturing activity as most companies closed for the traditional Diwali break. However, I am hopeful that the momentum will recover in last quarter of the financial year, thus helping us to achieve our goal of USD 41.75 billion in exports for the year 2021-22.”

The overall gross export of cut & polished diamonds at US$ 2560.27 million (Rs. 19178.5 crores) in month of OCT 2021 grew 31.11% (38.22 % in Rs. Term) as compared to US$ 1952.82 million (Rs. 13875.46 crores) for the same period of 2019.

During April – October 2021, the overall gross exports of cut & polished diamonds at US$ 14933.85 million (Rs. 110679.18 crores) grew 21.98 % (28.80 % Rs. term) as compared to US$ 12,243.17 million (Rs. 85932.25 crores) in 2019.

The total gross export of gold jewellery at US$ 1088.59 million (Rs. 8152.92 crores) in month of OCT 2021 declined 7.62 (declined 2.59% in Rs. termas compared to US$ 1178.39 million (Rs.  8369.48 crores) in 2019.

During April – October 2021, gross export of gold jewellery at US$ 5427.80 million (Rs. 40255.99 crore) declined 26.43% (declined 22.28% Rs. term) over the comparative figure of US$ 7378.12 million (Rs. 51,794.70 crores) in 2019.

Gross export of plain gold jewellery for the period APR 2021 - OCT 2021 at US$ 2221.59 million (Rs. 16478.76 crores) declined 58.68 %  (declined 56.33% Rs. term) over the comparative figure of US$ 5377.04 million (Rs. 37734.29 crores) in 2019.

Gross export of all kinds of studded gold jewellery for the period APR 2021 - OCT 2021 at US$ 3206.21 million (Rs. 23777.23 crores) grew  60.22 % (69.11% Rs. term) over the comparative figure of US$ 2001.08 million (Rs.  14060.40 crores) in 2019.

Gross export of silver jewellery for the period APR 2021 - OCT 2021 at US$ 1528.01 million (Rs. 11331.52 crores) grew 106.14 % (117.23% Rs. term) over the comparative figure of US$ 741.26 million (Rs. 5216.42 crores) in 2019.

Gross export of coloured gemstones for the period APR 2021 - OCT 2021 at US$ 175.07 million (in Rs. 1297.45 crores) declined 15.66 % (declined 11.18% in Rs. term) over the comparative figure of US$ 207.58  million (Rs. 1460.78 crores) for 2019.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
 
*  Name:
 
*  Mobile:
 
*  Email:
 
 
Subscribe for DiamondWorld weekly Newsletter
 
Advertisement
DWWeeklypost
Search News by City
Advertisement
DWsubscription
Recent Issue
2022
AVAILABLE NOW...!
News in Pictures
Videos
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
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
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 31475
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 8863
GJEPC Chairman Interview
Views: 27644
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 38626
Promo for IJ Awards 2012 at NDTV Profit
Views: 56445
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 67918
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 21487
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 50386
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 52215
Advertisement
DWsubscription
Member of:
Supporter of: