Gems & jewellery exports up 50%

Seasonal demand has caused exports turnaround in November, after falling over 13% during April-October

In a sharp turnaround in global consumer sentiment, gems and jewellery exports from India jumped 56 per cent in November after a sustained decline over the previous months. Gems and jewellery exports from India are down by over 13 per cent, year on year, between April and October 2017.

Data compiled by the apex industry body, the Gems and Jewellery Exports Promotion Council (GJEPC), show net exports of gems and jewellery shot up to $2.78 billion (Rs  18,002 crore) in November 2017 from $1.77 billion (Rs 12,001 crore) during the same month last year.

The sudden spurt in jewellery demand, especially from