India’s gross exports of gems and jewellery during December 2016 indicated a 22.38 percent increase (on y-o-y basis) in USD terms to value US$ 3094.80 million, as per GJEPC, reports say. The gross imports of gems and jewellery in the said month totalled US$ 2,174.19 million, dipping 3.80 percent (on y-o-y basis), as per reports.

In terms of cut and polished diamonds, the month delivered gross exports worth US$ 1,478.75 million with a 22.51 percent increase on y-o-y basis. Gross imports of cut and polished diamonds in the said month dropped 14.10 percent to US$ 205.35 million.

In the term of April to December 2016, India’s gross exports of gems and jewellery touched US$ 32,032.42 million rising 11.76 percent on y-o-y basis. Gross imports of gems and jewellery stood at US$ 21,462.32 million after an increase of 23.71 percent.

Gross exports of cut and polished diamonds rose 13.06 percent on y-o-y basis to US$ 16,884.37 million. In this period, gross imports of cut and polished diamonds stood at US$ 2,012.37 million after a 3.77 fall on y-o-y basis.

Gross imports of rough diamonds in the nine months rose 25.41 percent to US$ 12,689.33 million and rose 8.24 percent in volume terms to 1,034.23 lakh carats.

The provisional gross export of gold jewellery in the nine months grew 12.30 percent to US$ 7043.04 million and provisional gross exports of gold medallions and coins took a fall of 5.23 percent to US$ 3,850.71 million. Provisional gross exports of silver jewellery rose 22.56 percent to US$ 2,684.32 million and provisional gross exports of coloured gemstones was worth US$ 289.78 million after a 4.28 percent dive, as per reports.