Gems and jewellery exports fall 13.6% in January

In January, exports plunged 23% to Rs 2,994 cr compared to Rs 3,899 cr a year ago

Gems and jewellery exports fell 13.6 per cent in January on a year ago on lower availability of gold and uncertainty over consumer sentiment in the US after expectations of a further cut in its monetary-stimulus plan rose.

Data compiled by the Gems & Jewellery Export Promotion Council showed exports had fallen to Rs 15,098 crore in January against Rs 17,485 crore a year ago.

For the first 10 months (April to January) of the financial year, jewellery exports reported a decline of two per cent to Rs 1,63,943 crore against Rs 1,67,670 crore a year ago.

Between April and January, gold-jewellery exports declined 45 per cent to Rs 33,178 crore from Rs 59,693 crore a year ago.

In January, exports plunged 23 per cent to Rs 2,994 crore compared to Rs 3,899 crore a year ago.