Gem, jewellery exports rise 29% to Rs 23,259 crore in September

Gems and jewellery exports rose by29.67 per cent to Rs crore in September 2021 compared to Rs crore in the time-ago month, according to the Gem and Jewellery Export Promotion Council (GJEPC). In September 2019, the shipments were worth Rs crore.

For the April-September period, the shipments surged by134.55 per cent to Rs crore compared to the same period in 2020. The overall gems and jewellery exports stood at Rs crore during April to September 2019, following Covid affiliated dislocations, GJEPC said in a statement on Saturday.

With Rs crore ($18.98 billion) exports during April-September, the sector has formerly achieved nearly half (46 per cent) of the$41.66 billion exports target set by the government for the sector. The sentiment in the assiduity is incredibly positive with requests opening up and demand gradationally returning to normal,”GJEPC president Colin Shah said. Also, with the gleeful season coming up, GJEPC is auspicious to achieve the import target by the end of the fiscal time, he added.

During April-September 2021, Cut and Polished Diamond (CPD) exports grew by122.62 per cent to Rs crore compared to Rs crore in the same period of 2020. Gold jewellery exports during April-September 2021 surged by262.66 per cent to Rs crore as against Rs crore in the matching period of 2020.

Gray jewellery shipments increased by48.25 per cent to Rs crore in April-September compared to Rs crore during April-September 2020, the GJEPC added.

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