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Published
Feb 19, 2020
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India’s polished diamond, gold jewellery exports down in January

Published
Feb 19, 2020

India’s exports of polished diamonds were down year-on-year by 5.67% and exports of gold jewellery were down by 2.96% in the month of January, as the industry fights a slowdown.

India saw its diamond exports fall in January - Diamond Producers Association- Facebook

 
Both diamond and jewellery exports were down in the first month of 2020, according to the Gem and Jewellery Export Promotion Council’s provisional data, posted on its website on February 18. India’s cut and polished diamond exports totalled $1.65 billion in January, 2020 compared to $1.75 billion in January, 2019, the GJEPC announced. Plain and studded gold jewellery exports totalled $889.1 million in January, 2020 compared to $916.2 million in January, 2019.
 
The value of rough diamond imports also decreased year-on-year by 11.02% in January to total $763.06 million (Rs 5,076.45 crore), down from $857.6 million. However, in volume terms, rough diamond imports rose by 22.82% to reach 10.28 million carats in January, 2020 up from 8.36 million carats in January, 2019.

Cut and polished diamond imports were significantly up from $86.32 million in January, 2019 to reach $160.29 million in January, 2020. Rough lab grown diamond exports also increased, as the stones continue to grow in popularity to total $42.43 million in January, 2020, up from $14.44 million in January, 2019. However, polished lab grown diamond imports decreased year-on-year to reach $12.48 million in January, 2020, down from $20.38 million in January, 2019.
 
Silver jewellery exports rose in January but coloured gemstone exports fell. Total gross gem and jewellery industry exports in the first nine months of the current financial year were down by 5.58% to $30.66 billion in January, 2020, compared to $39.72 billion in the first nine months of the previous financial year. Imports were also down year-on-year in the same time period.

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