Exports of gems and jewellery increases 29% in September 2021

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According to the Gem and Jewellery Export Promotion Council (GJEPC), exports of gems and jewellery increased by 29.67% to Rs 23,259.55 crore in September 2021, as against Rs 17,936.86 crore in the year ago period. The shipments were worth Rs 23,491.20 crore in September 2019. On Saturday, GJEPC said in a statement that the shipments increased by 134.55% to Rs 1,40,412.94 crore in the April to September period, as against September 2020. During April to September 2019, the overall gems and jewellery exports stood at Rs 59,864.55 crore, following disruptions caused by Covid.

Gold jewellery exports up 263%

GJEPC said that the sector has achieved almost half (46%) of the $41.66 billion exports set by the government, with Rs 1,40,412.94 crore ($18.98 billion) exports in April to September period. It also added that the industry sentiment is incredibly positive with markets opening up and demand gradually returning to normal.

It further said that it is optimistic in achieving the export target by the end of the financial year, with festive season right around the corner.

Exports of gold jewellery for the April to September 2021 period rose by 262.66% to Rs 29,376.36 crore as compared to Rs 8,100.97 crore in the corresponding period of 2020. Similarly, Silver jewellery shipments surged by 48.25% to Rs 9,477.39 crore in April to September period as against Rs 6,392.65 crore in the same period a year ago, GJEPC said.

Cut and Polished Diamond (CPD) exports increased by 122.62% to Rs 91,489.20 crore in April to September 2021 as against Rs 41,095.83 crore in the same period, a year ago.