Budget 2020: Diamond exporters want relief as export slump continues

Silver jewellery, however, has compensated, with export up 75.36 per cent in these nine months, to $1.02 bn. Gold jewellery export also rose, by 4.9 per cent in those nine months, to $9.3 bn

Data from the Gem and Jewellery Export Promotion Council shows a 1.9 per cent fall in the country’s gross shipment last month, from a year before, to $2,435.9 million (Rs 17,300 crore).

That brings the overall fall in the current financial year’s first nine months to 5.3 per cent in the segment, to $27.7 billion (nearly Rs 2 trillion). The sector says this will be another dismal year for export.  

Colin Shah, vice-chairman at the Council, says they hope the central government is noting this fall in a sector which generates and sustains a large number of jobs. “With the