Gems, jewellery exports rise 30 percent in September to Rs 23,259 crore

By

Maverick Martins

Published
Oct 18, 2021

India’s gems and jewellery exports rose by 30 percent to Rs 23,259 crore ($3.1 billion) in September 2021, as compared to Rs 17,937 crore it reported in September 2020.
 

For the April-September period, the shipments surged by 135 percent to Rs 1,40,413 crore compared to the same period in 2020.
 
During April-September 2021, cut and polished diamond (CPD) exports stood at Rs 91,489.2 crore, while gold and silver jewellery exports were at Rs 29,379 crore and Rs 9,477 crore, respectively.

“With Rs 140,412.94 crore exports during April-September, the sector has already achieved nearly half (46 percent) of the USD 41.66 billion exports target set by the government for the sector. The sentiment in the industry is incredibly positive with markets opening up and demand gradually returning to normal,” GJEPC chairman, Colin Shah, said.
 
“Moreover, with the festive season coming up, GJEPC is optimistic to achieve the export target by the end of the financial year,” he added.
 
Following a significant drop in business during lockdown last year, many jewellery businesses in India are beginning to recover thanks to several trade shows starting up again. The upcoming festive and wedding season is also expected to further boost the sector in the coming months.