ENA Sectors 2019-07-18 08:02:52 <p><strong>New Delhi, July 18 (KNN)</strong> Exports of cut and polished diamonds from India dropped by 19.38% year-on-year during the month of June 2019, while gold jewellery exports registered a decline of 15.41% y-o-y during the same month, according to provisional data released by Gem &amp; Jewellery Export Promotion Council (GJEPC).</p> <p>Exports of cut and polished diamonds stood at USD 1.68 billion, a decline of 19.38% as compared to the USD 2.08 bn exported in June 2018. Rough imports dropped during the month by 36.79% to USD 969.15 million as compared to USD 1,533.23 million imported during the previous June.</p> <p>In volume terms also, rough imports fell from 15.45 mn carats during June 2018 to 10.91 mn carats in June 2019.Imports of cut and polished diamonds declined 24.59% to USD 106.40 mn in June 2019 from USD 141.10 mn in the same month a year earlier.</p> <p>For the first quarter of the current fiscal, total net exports of the gems and jewellery industry declined by 9.97% as compared to the same period a year earlier from USD 8.04 billion during April-June 2018 to USD 7.23 billion in the same period of the current year.</p> <p>Imports across the sector during first quarter of fiscal 2020 were down 18.92% from USD 7.63 billion last year to USD 6.19 billion this year.</p> <p>Polished diamond exports during April-June 2019 were down 17.33% to USD 5.20 bn as against the USD 6.29 bn exported over the same months last year, while imports of polished diamonds fell by 20.11% to USD 278.47 million as compared to USD 348.55 million for the same period of the previous year.</p> <p>During the fiscal year to date, import of rough diamonds showed a decline of 25.78% to USD 3.41 bn from USD 4.60 bn a year earlier. In volume terms, imports fell by 24.98% from 47.78 mn cts in April-June 2018 to 35.84 mn cts in the same period in the current fiscal.</p> <p>Exports of gold jewellery during the month fell by 15.41% to USD 913.88 million from USD 1,080.38 million a year earlier. Exports of silver jewellery rose to USD 70.51 million in June 2019 as compared to USD 40.58 million in the same month last year.</p> <p><iframe frameborder="0" height="540" id="mgiframe" src="//mg.mgid.com/mghtml/framehtml/c/k/n/knnindia.co.in.338951.html" width="100%"></iframe></p> <p>Coloured gemstone exports fell to USD 24.52 million in June 2019 as compared to USD 40.78 million exported during the same month a year earlier.</p> <p>In April-June 2019, exports of gold jewellery (both plain and studded) dipped to USD 3.03 bn as against USD 3.24 bn during the first three months of the previous fiscal.</p> <p>Exports of silver jewellery nearly doubled to USD 237.01 million, and Coloured Gemstones exports fell by 11.82% to USD 86.02 million in April-June 2019.</p> 23211 https://knnindia.co.in/news/newsdetails/sectors/exports-of-cut-and-polished-diamonds-from-india-dropped-by-1938-in-june-2019 2019-07-18 08:02:52 knnindia.co.in