Gems and jewellery exports rose by 6.5% to USD 32.37 billion during April-January this fiscal, said industry body GJEPC on Wednesday.
India's exports grew by 28.51 per cent to USD 8.67 billion during February 1-7 on account of healthy growth in sectors such as petroleum, engineering according to preliminary data .
Top five export destinations for the sector included the US, Hong Kong, the UAE, Belgium and Israel
Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.
Gems and jewellery exports in the April-December 2021 period grew by 5.76 per cent to USD 29.08 billion on account of healthy demand in major countries including the US, Hong Kong and Thailand
The union minister also said that the government has taken various measures to promote investment for the growth of the sector
Gems and jewellery exports rose by 29.67% to Rs 23,259.55 crore in September 2021 compared to Rs 17,936.86 crore in the year-ago month, according to the Gem and Jewellery Export Promotion Council
The year 2020 was a near washout for exports due to closure of borders and other Covid-19 related disruptions
India has started negotiations for the agreement with the UAE, which is the third largest trading partner of New Delhi.
India's exports grew by 52.39% to USD 7.71 billion during first week of this month on account of healthy growth in shipments in sectors including engineering, gems and jewellery and petroleum products
The overall shipments of gems and jewellery surged to Rs 25,226.11 crore year-on-year in April 2021, according to Gem and Jewellery Export Promotion Council (GJEPC)
The overall gems and jewellery exports declined by 25.71 per cent to Rs 1,85,952.34 crore during 2020-21
For Q3 as a whole, it sees outbound shipment declining by 1.77%
Gems and jewellery exports are projected to decline by 25-30% this fiscal as there was a "complete washout" of the first quarter due to lockdown to curb spreading of the Covid-19, the GJEPC said
India's cut and polished diamond exports in July fell 39% from a year ago to $918.4 million, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement
The exports stood at $2.2 billion (around Rs 15,112 crore) in July last year
The Gem and Jewellery Export Promotion Council of India (GJEPC) on Wednesday said it will host the industry's first virtual buyer-seller meet (VBSM) on August 27 and 28 amid the Covid-19 pandemic.
Though the June figure compares poorly YoY, it's much better than April and May
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 final part of the series looks at how industries are waiting for demand to bounce back