Friday, April 23, 2021
HomeNewsIndia’s Gem and Jewellery Exports Drop 7.56% In May

India’s Gem and Jewellery Exports Drop 7.56% In May

India’s Gem and Jewellery Exports Drop 7.56% In May

India’s Gem and Jewellery Exports Drop 7.56% In May.The month of May was bleak for India’s gem and jewellery trade. Both exports and imports overall took a slip, reports say. Total gem and jewellery exports stood at US$ 3,661.55 million after a 7.56 percent drop on y-o-y basis and the said imports touched US$ 2,556.34 million falling 7.11 percent.

Positivity came from cut and polished diamond exports in the month rising 8.2 percent to US$ 2.21billion. But imports of cut and polished diamonds dropped a huge 61.9 percent to US$ US$ 93.08 mn.

The rough diamond trade was also slow. Imports slipped 16.9 percent to US$ 1.55 bn and volume-wise it dipped to 16.9mn carats (May 2017: 18.1mn carats) on y-o-y basis.

Gold jewellery (both studded and plain) exports was up to US$ 1,164million (May 2017: US$ 523.26mn). Silver jewellery exports declined to US$ 43.17 million (May 2017: US$ 746.6 million).

There was a rise in exports of coloured gemstone, from US$ 30.19 million in May 2017 to US$ 36.19 million in May this year, reports add.

The period between April-May 2018 saw the country’s total gem and jewellery exports dropping 13 percent to US$ 6.80 billion, from US$ 7.81 bn in the same months last year, as per reports.

 

70938d9e3c77720de8a90996f57bd244?s=117&d=blank&r=g
Mines to Market
Prashant Rathod

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Popular

Recent Comments

Manish Panchal on Diamante Blockchain