Lockdown impact: Gems, jewellery exports dip 82% in Apr-May to Rs 4,328 cr

Similarly, gold jewellery exports during the last two months declined 92 per cent to Rs 634.38 crore from Rs 7,927.47 crore in April-May 2019

The overall gems and jewellery exports during April-May declined 82.31 per cent to Rs 4,328.54 crore following lockdown in various parts of the world to curb the spread of Covid-19, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday.

The total exports during April-May 2019 stood at Rs 24,468.11 crore, GJEPC said in a statement.

"Exports were mainly affected due to the lockdown globally. We are seeing demand picking up in China, Europe and Australia," GJEPC Vice Chairman Colin Shah said.