India’s jewellery exports up in April, but polished exports decline: GJEPC

New Delhi, May 30 (KNN) Exports of cut and polished diamonds from India dropped by 17.64% year-on-year during the month of April 2019, while gold jewellery (plain and studded) exports rose by 11.41% y-o-y during the same month, according to provisional data released by Gem & Jewellery Export Promotion Council (GJEPC).

According to the GJEPC release, the exports of cut and polished diamonds stood at US$ 1.64 billion, a decline of 17.64% as compared to the US$ 1.99 bn exported in April 2018. Rough imports dropped during the month by 4.81% to US$ 1.44 billion as compared to US$ 1.52 billion imported during the previous April.

In volume terms also, rough imports fell from 15.41 million carats during April 2018 to 13.85 million carats in April 2019. Whereas colored gemstone exports rose to US$ 20.24 million in April 2019 as compared to US$ 19.61 million exported during the same month a year earlier.

Imports of cut and polished diamonds were down to US$ 77.63 million in April 2019 from US$ 114.37 million in the same month a year earlier.

Exports of gold jewellery (both studded and plain) during the month were up by 11.41% to US$ 908.98 million from US$ 815.90 million a year earlier. Exports of silver jewellery rose to US$ 85.77 million in April 2019 as compared to US$ 31.70 million in the same month last year.