Published
Jun 3, 2019
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Gems, jewellery exports dip 5.32% in 2018-19

Published
Jun 3, 2019

​India’s gems and jewellery exports witnessed a 5 percent decline to $30.96 billion for the year 2018-19 due to a slowdown in demand from global markets. The exports for the year 2017-18 stood at $32.7 billion.
 

Gems, jewellery exports drop by 5 percent in 2018-19 - World Gold Council-Facebook


The US, Europe, Japan, and China are the top markets for gems and jewellery exports for India.
 
During the year, silver jewellery exports from the country were badly hit as it dropped by almost 75 percent to $837.81 million while gold medallions and coins declined 56 percent.

Gold jewellery along with the cut and polished diamonds, however, witnessed a jump in exports during the year. Gold jewellery shipments increased by 24 percent to USD 12 billion during the period as against $9.67 billion in 2017-18 while diamond exports marginally grew to $23.82 billion.
 
“The decline in shipments is mainly due to negative growth in the export of silver jewellery, coloured gemstones, rough diamonds, gold medallions and coins,” Gems and Jewellery Export Promotion Council (GJEPC) said in a statement.

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