{"id":12693,"date":"2021-11-16T03:07:00","date_gmt":"2021-11-15T21:37:00","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=12693"},"modified":"2021-11-17T08:44:40","modified_gmt":"2021-11-17T03:14:40","slug":"strong-global-demand-drives-16-growth-of-indias-gem-jewellery-exports-in-october","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/strong-global-demand-drives-16-growth-of-indias-gem-jewellery-exports-in-october\/","title":{"rendered":"Strong Global Demand Drives 16% growth of India\u2019s Gem &#038; Jewellery Exports In October"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li>Cut &amp; Polished diamond exports grew by 31.11% to US$ 2560.27 million in October 2021<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s gem and jewellery exports witnessed a 16% growth in October 2021 versus 2019, owing to strong demand from key export destinations, especially the US. Overall gross exports of Gems &amp; Jewellery in October amounted to US$ 4170.59 million (Rs. 31241.090 crore) as compared to US$ 3610.07 million (Rs.&nbsp; 25647.06 crore) for the same period in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During April \u2013 October 2021, the overall gross exports of gems &amp; jewellery at US$ 23658.13 million (Rs. 175373.01 crore) grew 4.82 % (10.71 % in Rs term) as compared to US$ 22570.41 million (Rs. 1,58,404.21 crore) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Colin Shah, Chairman, GJEPC said<\/strong>, \u201cThe overall sentiment in the gem and jewellery industry is quite positive. Manufacturing activity peaked in the pre-Diwali period, reflected by the 16% jump in exports for October due to strong demand from key markets, led by the US. I estimate that this spike would be immediately followed by a dip in manufacturing activity as most companies closed for the traditional Diwali break. However, I am hopeful that the momentum will recover in last quarter of the financial year, thus helping us to achieve our goal of USD 41.75 billion in exports for the year 2021-22.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The overall gross export of cut &amp; polished diamonds at US$ 2560.27 million (Rs. 19178.5 crores) in month of OCT 2021 grew 31.11% (38.22 % in Rs. Term)as compared to US$ 1952.82 million (Rs. 13875.46 crores) for the same period of 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During April \u2013 October 2021, the overall gross exports of cut &amp; polished diamonds at US$ 14933.85 million (Rs. 110679.18 crores) grew 21.98 % (28.80 % Rs. term)as compared to US$ 12,243.17 million (Rs. 85932.25 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The total gross export of gold jewellery at US$ 1088.59 million (Rs. 8152.92 crores) in month of OCT 2021 declined 7.62 <strong>% <\/strong>(declined 2.59% in Rs. term<strong>) <\/strong>as compared to US$ 1178.39 million (Rs.&nbsp; 8369.48 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During April \u2013 October 2021, gross export of gold jewellery at US$ 5427.80 million (Rs. 40255.99 crore) declined 26.43%(declined 22.28% Rs. term) over the comparative figure of US$ 7378.12 million (Rs. 51,794.70 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gross export of plain gold jewellery for the period APR 2021 &#8211; OCT 2021 at US$ 2221.59 million (Rs. 16478.76 crores) declined 58.68 %&nbsp; (declined 56.33% Rs. term) over the comparative figure of US$ 5377.04 million (Rs. 37734.29 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gross export of all kinds of studded gold jewellery for the period APR 2021 &#8211; OCT 2021 at US$ 3206.21 million (Rs. 23777.23 crores) grew&nbsp; 60.22 %(69.11% Rs. term) over the comparative figure of US$ 2001.08 million (Rs.&nbsp; 14060.40 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gross export of silver jewellery for the period APR 2021 &#8211; OCT 2021 at US$ 1528.01 million (Rs. 11331.52 crores) grew 106.14 % (117.23% Rs. term) over the comparative figure of US$ 741.26 million (Rs. 5216.42 crores) in 2019.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gross export of coloured gemstones for the period APR 2021 &#8211; OCT 2021 at US$ 175.07 million (in Rs. 1297.45 crores) declined 15.66 % (declined 11.18% in Rs. term) over the comparative figure of US$ 207.58\u00a0 million (Rs. 1460.78 crores) for 2019.<\/p>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Commodity wise G&amp;J Exports\u2013 April &#8211; October\u00a0 2021 in comparison with Pre-Covid level April \u2013October\u00a0 2019<\/strong><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" data-src=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic.jpg\" alt=\"\" class=\"wp-image-12696 lazyload\" width=\"624\" height=\"469\" data-sizes=\"auto\" data-srcset=\"https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic.jpg 655w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic-300x225.jpg 300w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic-450x338.jpg 450w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic-225x169.jpg 225w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic-20x15.jpg 20w, https:\/\/gjepc.org\/solitaire\/wp-content\/uploads\/2021\/11\/03pic-128x96.jpg 128w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><figcaption>Source : GJEPC Analysis , Notes : (P) stands for provisional\u00a0 Gross\u00a0 Exports pertains to inclusive of return consignments , Net Exports pertains to exclusive of return consignments<\/figcaption><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Cut &amp; Polished diamond exports grew by 31.11% to US$ 2560.27 million in October 2021 India\u2019s gem and jewellery exports witnessed a 16% growth in October 2021 versus 2019, owing to strong demand from key export destinations, especially the US. Overall gross exports of Gems &amp; Jewellery in October amounted to US$ 4170.59 million (Rs.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":12694,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-12693","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 v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Strong Global Demand Drives 16% growth of India\u2019s Gem &amp; Jewellery Exports In October - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gjepc.org\/solitaire\/strong-global-demand-drives-16-growth-of-indias-gem-jewellery-exports-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strong Global Demand Drives 16% growth of India\u2019s Gem &amp; Jewellery Exports In October - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"Cut &amp; Polished diamond exports grew by 31.11% to US$ 2560.27 million in October 2021 India\u2019s gem and jewellery exports witnessed a 16% growth in October 2021 versus 2019, owing to strong demand from key export destinations, especially the US. 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