{"id":10592,"date":"2021-08-16T06:31:00","date_gmt":"2021-08-16T01:01:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=10592"},"modified":"2021-08-17T12:04:56","modified_gmt":"2021-08-17T06:34:56","slug":"gem-jewellery-exports-continues-on-an-upward-trajectory-records-a-growth-of-27-to-rs-24881-52-cr-in-july-compared-to-the-pre-pandemic-year-2019","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/gem-jewellery-exports-continues-on-an-upward-trajectory-records-a-growth-of-27-to-rs-24881-52-cr-in-july-compared-to-the-pre-pandemic-year-2019\/","title":{"rendered":"Gem &#038; Jewellery Exports Continues on An Upward Trajectory, Records A Growth of 27% to Rs. 24881.52 Cr in July compared to the pre-pandemic year, 2019"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><strong>Studded Gold Jewellery Exports record a growth of 70.69%<\/strong><\/li><li><strong>Cut and Polished diamond exports register a growth of 60.98%<\/strong><\/li><\/ul>\n\n\n\n<p>The gem and jewellery exports continue to be on an upward trajectory. The overall gross exports of Gems &amp; Jewellery recorded a growth of <strong>26.77% to Rs. 24881.52 Cr (18.11% in dollar terms to US$ 3367.53 million) in the month of July 2021<\/strong> as compared to Rs. 19627.37 Cr. (US$ 2851.15 million) in July 2019 (pre-pandemic).<\/p>\n\n\n\n<p>The overall gross exports of Gems &amp; Jewellery witnessed a growth of <strong>12.26% to Rs. 92147.17 Cr (6.04% in dollar terms to US$ 12.55 billion) during April 2021 to July 2021<\/strong> as compared to Rs. 82083.05 Cr. (US$ 11.84 billion) during the same period in April to July 2019.<\/p>\n\n\n\n<p><strong>Colin Shah, Chairman, GJEPC <\/strong>said, \u201cExports growth is majorly attributed to the renewed consumer sentiments especially in USA with the recent announcement of Covid -19 Stimulus Package of US$ 1.9 trillion to speed up the United States\u2019 recovery from the economic and health effects of the Covid-19 pandemic.\u201d<\/p>\n\n\n\n<p>\u201cWith the continued recovery in global markets, rise in disposable income of consumers, forthcoming festive season at domestic and international markets, we are expecting the exports to grow further in the coming months. We are optimistic that our flagship show, IIJS Premiere in September and IGJS in Dubai in October would further improve the sentiment in the global market.\u201d adds Colin Shah.<\/p>\n\n\n\n<p>Cut &amp; Polished Diamond exports have registered a growth of <strong>60.98% to Rs. 16648.71 Cr (50.50% in dollar terms to US$ 2260.48 mn) in July 2021<\/strong> as compared to Rs. 10342.25 Cr. (US$ 1501.97 mn) in July 2019.<\/p>\n\n\n\n<p>Cut &amp; Polished Diamond exports have recorded a growth <strong>34.13% to Rs. 62390.23 Cr. (27.08% in dollar terms to US$ 8522.34 mn) during April 2021 to July 2021<\/strong> as compared to Rs. 46515.91 Cr. (US$ 6706.03 mn) during April to July 2019.<\/p>\n\n\n\n<p>\u201cContinued recovery in key export markets like USA, China and Hong Kong, restocking of inventory etc. have been the major reasons for the positive export growth of diamonds.\u201d adds <strong>Colin Shah.<\/strong><\/p>\n\n\n\n<p>Gold Jewellery Export is showing a decline of 25.99% to Rs. 5063.68 Cr. (decline of 31.45% in dollar terms to US$ 681.13 mn) in July 2021 as compared to Rs. 6841.85 Cr. (US$ 993.64 mn) in July 2019.<\/p>\n\n\n\n<p>During the month of April 2021 to July 2021, Gold Jewellery export is showing a decline of 34.44% to Rs. 17844.99 Cr (decline of 38.46% in dollar terms to US $ 2415.33 mn) as compared to Rs. 27220.36 Cr. ( US$ 3924.61 mn) for the same period of April to July 2019.<\/p>\n\n\n\n<p>Plain Gold Jewellery Export is showing a decline of 68.99% to Rs. 6352.41 (decline of 70.93% in dollar terms to US $ 858.83 mn) April 2021 to July 2021 as compared to Rs. 20487.40 Crores (US$ 2954.12 mn) during the same period of April to July 2019.<\/p>\n\n\n\n<p>Studded Gold Jewellery Export registered a growth of <strong>70.69% to Rs. 11492.58 Crores (60.38% in dollar terms to US $ 1556.50 mn) during April 2021 to July 2021<\/strong> as compared to Rs. 6732.96 Crores (US$ 970.48 mn) during the same period of April to July 2019.<\/p>\n\n\n\n<p>Silver Jewellery Export is showing a growth of <strong>184.22% to Rs. 6246.12 Cr.&nbsp; (166.03% in dollar terms to US$ 843.04 mn) during April 2021 to July 2021<\/strong> as compared to Rs. 2197.61 Cr.&nbsp; (US$ 316.89 mn) in the same period of April to July 2019.<\/p>\n\n\n\n<p>\u201cSilver jewellery exports have continued to be buoyant on account of the exports of silver jewellery studded with diamonds and shift in preferences of consumers in international markets from expensive precious metal &#8211; gold base jewellery to relatively lower priced precious metal base i.e.&nbsp; silver.\u201d<\/p>\n\n\n\n<p>Coloured Gemstone Exports is showing a decline of 11.71% to Rs. 637.47 Cr.\u00a0 (decline of 17.17% in dollar terms to US$ 86.14 mn)\u00a0 during April 2021 to July 2021 as compared to Rs. 721.99 Cr. (US$ 104 mn) during April to July 2019. However, after a continuous decline for several months, colour gemstone have shown positive export growth of around 40 % in July 2021 in comparison to July 2019.<\/p>\n\n\n\n<p class=\"has-text-align-center\"><strong>Commodity wise G&amp;J Exports\u2013 April &#8211; July 2021<\/strong> <br> <strong>in comparison with Pre-Covid level April \u2013July 2019<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><a href=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2.jpg\" rel=\"mfp\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2.jpg\" alt=\"\" class=\"wp-image-10594 lazyload\" width=\"526\" height=\"409\" data-sizes=\"auto\" data-srcset=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2.jpg 630w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2-300x233.jpg 300w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2-450x350.jpg 450w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2-225x175.jpg 225w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2-20x15.jpg 20w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/08\/Untitled-2-123x96.jpg 123w\" sizes=\"auto, (max-width: 526px) 100vw, 526px\" \/><\/a><figcaption>Source: GJEPC Notes: (P) stands for provisional Gross Exports pertains to inclusive of return consignments.<\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Studded Gold Jewellery Exports record a growth of 70.69% Cut and Polished diamond exports register a growth of 60.98% The gem and jewellery exports continue to be on an upward trajectory. The overall gross exports of Gems &amp; Jewellery recorded a growth of 26.77% to Rs. 24881.52 Cr (18.11% in dollar terms to US$ 3367.53&hellip;<\/p>\n","protected":false},"author":1,"featured_media":10593,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-10592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v14.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gem &amp; Jewellery Exports Continues on An Upward Trajectory, Records A Growth of 27% to Rs. 24881.52 Cr in July compared to the pre-pandemic year, 2019 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/gem-jewellery-exports-continues-on-an-upward-trajectory-records-a-growth-of-27-to-rs-24881-52-cr-in-july-compared-to-the-pre-pandemic-year-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gem &amp; Jewellery Exports Continues on An Upward Trajectory, Records A Growth of 27% to Rs. 24881.52 Cr in July compared to the pre-pandemic year, 2019 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Studded Gold Jewellery Exports record a growth of 70.69% Cut and Polished diamond exports register a growth of 60.98% The gem and jewellery exports continue to be on an upward trajectory. 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