Gems, jewellery exports decline 17.69% in March

Gems and jewellery exports dipped by 17.69 per cent in March to Rs 22,755.81 crore due to 2 per cent import duty on polished diamonds, the Gems and Jewellery Export Promotion Council (GJEPC) said on Thursday. The exports in March, 2011 stood at Rs 27,649.18 crore. Meanwhile, in FY12 there was a marginal rise in exports of about 4.64 per cent to Rs 2,04,823.66 crore compared to Rs 1,95,735.84 crore in the previous fiscal, GJEPC Chairman Rajiv Jain told reporters here.