The gems and jewellery exporters have something to cheer about. After, a consistent drop in exports of diamond and diamond jewellery this fiscal (2001-02), the US demand during Christmas and New Year has increased exports during November. There was a 16.5 per cent rise in exports of diamond and diamond jewellery during November compared to the same period last year.
Exports of cut and polished diamonds peaked to $382 million this November compared to $323 in November 2000. The overall exports too indicate an upsurge with export figures at $432 million as against $378 million last November, according to the Gems and Jewellery Export Promotion Council (GJEPC) data.
In October, gems and jewellery exports had registered a 25.55 per cent drop to $603.55 million as against $760.01 million in October last year, the council said. Exports of cut and polished diamonds fell by 32 per cent to $500.80 million compared to $661.20 million in October last year.
Sanjay Kothari, GJEPC chairman, said:
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app