Gem, jewellery exports fall 11.24% on US, China trade war and poor demand

The sector's gross exports declined by 9.32 per cent to $12.15 billion between April and July compared to $13.39 billion during the same period last year, according to data

Overall gross exports of gem and jewellery fell 11.2 per cent  to $2.7 billion (Rs 19,200 crore) last month, as compared to July 2018.
 
Industry veterans attribute this to the US-China trade war’s impact and poor consumer confidence, among others. In the first quarter (April to June) of this financial year, gross export of gems and jewellery declined  9.3 per cent to $12.15 billion from the same period last year, shows official data. Annual gem and jewellery export has been around $40 billion, around 13 per cent of India's total export.
 
The fall in July, first month after