Gems, jewellery exports grow by six percent to $29 billion in Apr-Dec 2021

By

Maverick Martins

Published
Jan 21, 2022

India’s gems and jewellery exports during the nine-month period from April to December 2021 grew by 6 percent to $29 billion on the back of strong demand from major countries including the U.S., Hong Kong and Thailand.
 

The jewellery exports in the month of December spiked by 30 percent to $3 billion, according to data shared by Gem and Jewellery Export Promotion Council (GJEPC).
 
GJEPC expects the growth momentum to continue over the next few months and expects to close the current financial year with over $40 billion in exports.

Commenting on the rise in exports, Colin Shah, chairman GJEPC in a statement said, “Holiday and festive demand was robust in important trading centres such as the USA, Hong Kong, Thailand and Israel. And we have every reason to believe that this momentum will carry through the end of FY2022, bringing us closer to the set target of USD 41.67 billion in exports.”
 
Cut and polished diamond exports during the period grew by 23 percent to $18 billion while gold jewellery exports rose by 25 percent to $7 billion.