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Exports of cut and polished diamonds from India rise 3.91% during first 9 months of fiscal 2018-19: GJEPC

Updated: Jan 16, 2019 05:57:49am
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Exports of cut and polished diamonds from India rise 3.91% during first 9 months of fiscal 2018-19: GJEPC

New Delhi, Jan 16 (KNN) Exports of cut and polished diamonds from India rose 3.91% during the first nine months of fiscal 2018-19, while gold jewellery (plain and studded) exports were up 28.32% during the same period, according to provisional data released by the Gem & Jewellery Export Promotion Council (GJEPC).

However, gross exports across all segments of gems and jewellery registered a decline of 4.97% dropping from US$ 30.42 billion during April-Dec 2017 to US$ 28.91 billion in April-Dec 2018.

Imports across the sector during the same period were down 14.83% from US$ 23.71 billion last year to US$ 20.19 billion this year, it added.

Imports of cut and polished diamonds were down to US$ 111.57 mn in December 2018 from US$ 218.81 mn in the same month a year earlier.

Exports of gold jewellery (both studded and plain) during the month were down by 22.77% to US$ 672.34 million from US$ 870.52 mn a year earlier. Exports of silver jewellery dropped to US$ 75.78 million in December 2018 as compared to US$ 220.32 million in the same month last year.

Coloured gemstone exports fell to US$ 18.36 million in December 2018 as compared to US$ 20.31 million exported during the same month a year earlier.

Polished diamond exports during April-December 2018 were up 3.91% to US$ 17.86 bn as against the US$ 17.19 bn exported over the same months last year, while imports of polished diamonds fell by 40.65% to US$ 1.04 billion as compared to US$ 1.75 billion for the same period of the previous year.

During the fiscal year to date, import of rough diamonds showed a decline of 14.34% to US$ 12.07 bn from US$ 14.09 bn a year earlier. In volume terms, imports fell by 10.56% from 141.2 mn cts in April-December 2017 to 126.3 mn cts in the same period in the current fiscal.

In April-December 2018, exports of gold jewellery (both plain and studded) rose to US$ 8.77 bn as against US$ 6.84 bn during the first nine months of the previous fiscal.

Exports of synthetic stones during April-December 2018 were US$ 151.70 mn, with synthetic diamonds (HS 71049010) accounting for US$ 148.43 mn as compared to US$ 151.95 mn during the comparative period a year earlier.

Exports of gold medallions & coins declined by 84.7% to US$ 258.35 million in the nine-month period, while silver jewellery exports dropped by 81.4% to US$ 578.95 million, and Coloured Gemstones exports were down by 3.71% at US$ 274.73 million in April-December 2018.

December was a relatively slower month for the India centre. Exports of cut and polished diamonds stood at US$ 1.31 billion, a decline of 17.51% as compared to the US$ 1.59 bn exported in December 2017.

GJEPC data reveals “Rough imports dropped during the month to US$ 1.74 billion as compared to US$ 2.18 billion imported during the previous December. In volume terms, also rough imports fell from 20.76 mn carats during December 2017 to 19.29 mn carats in December 2018.”

COMMENTS

  1. Gold Bar Supplier
    Gold Bar Supplier 30/01/2019 7:43 AM

    Imports of cut and polished diamonds were down by 14.13% to US$ 123.85 mn in August 2018 from US$ 144.23 mn a year earlier.

    Reply to this comment

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