Gem, jewellery exports fall 10.7% in May: GJEPC

New Delhi, June 15 (KNN) The overall gems and jewellery export witnessed a decline of 10.70 per cent in May at Rs 22,693.41 crore, Said Gem Jewellery Export Promotion Council (GJEPC) on Wednesday.

GJEPC in it’s monthly data revealed that the Gem and jewellery exports stood at Rs 25,412.66 crore during May last year.

As per the data, the overall exports of cut and polished diamonds (CPD) showed a decline of 12.17 per cent at Rs 14,190.28 crore (USD 1723.17 million) in May compared to Rs 16,156.04 crore in the corresponding month of 2022. 

Similarly, the gross exports of polished Lab Grown Diamonds during April-May witnessed a 20.57 per cent fall at Rs 1,985.83 crore (USD 236.08 million) over Rs 2,499.95 crore (USD 325.45 million) in the first two months of preceding financial year.

However, the total exports of gold jewellery increased by 7.29 per cent at Rs 5,705.32 crore (USD 693.01 million) in May as against Rs 5,317.71 crore (USD 687.18 million) in the year-ago period. 

Gross export of silver jewellery during April-May decreased by 68.54 per cent at Rs 1,173.25 crore (USD 141.10 million) from Rs 3,728.88 crore (USD 485.42 million) a year ago, the data added.  (KNN Bureau)