{"id":13149,"date":"2021-12-22T14:01:12","date_gmt":"2021-12-22T08:31:12","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=13149"},"modified":"2021-12-22T14:01:15","modified_gmt":"2021-12-22T08:31:15","slug":"indias-export-of-cut-polished-diamonds-continue-to-be-on-a-growth-trajectory-records-11-42-growth-in-november-2021-versus-same-period-in-2019","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/indias-export-of-cut-polished-diamonds-continue-to-be-on-a-growth-trajectory-records-11-42-growth-in-november-2021-versus-same-period-in-2019\/","title":{"rendered":"India\u2019s Export Of Cut &#038; Polished Diamonds Continue To Be On A Growth Trajectory, Records 11.42% growth in November 2021 Versus Same Period in 2019"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li>During April to November 2021, the overall gross exports of Gems &amp; Jewellery grew by 3.54 % to US$ 26.04 billion compared to April to November 2019<\/li><li>The major export markets were USA (38.33%), Hong Kong (24.46%), UAE (13.87%), Belgium (4.10%), and Israel (3.84%).<\/li><\/ul>\n\n\n\n<p>The overall gem and jewellery exports for November 2021 witnessed a decline of 7.65% to US$ 2384.95 million (declined 3.72 % in rupee terms to Rs. 17784.92 Crore) as compared to US$ 2582.39 million (Rs. 18471.31 Crore) in November 2019. The decline was expected due to break in manufacturing activity during Diwali.<\/p>\n\n\n\n<p>However, for the period of April to November 2021, overall gross exports of Gems &amp; Jewellery grew by 3.54% to US$ 26.04 billion (9.21% in rupee terms to Rs.&nbsp; 193157.93 Crore) as compared to US$ 25.15 billion for the same period of April to November 2019. The major export markets were USA (38.33%), Hong Kong (24.46%), UAE (13.87%), Belgium (4.10%), and Israel (3.84%).<\/p>\n\n\n\n<p><strong>Colin Shah, Chairman, GJEPC<\/strong> said, \u201cIndia\u2019s gem and jewellery export performance through 2021 has been far ahead of our expectations this time last year. The good news is that the world\u2019s biggest jewellery consuming nation, the USA, has increased purchases from India this year. We expect to achieve the export target of USD 41.65 billion this fiscal year. And we have recommended to the Government a few policy reforms to consider in the Union Budget 2022-23. These include the reduction of import duty on cut &amp; polished diamonds, gold and other precious metals, and an amendment in taxation provisions to allow the sale of rough diamonds in the Special Notified Zones in Mumbai and Surat \u2013 this would help the industry to achieve its export target of USD 70 billion in the next few years.\u201d&nbsp;<\/p>\n\n\n\n<p>Cut &amp; Polished diamond exports in November 2021 grew by 11.42 % to US$ 1302.78 million (16.17% in rupee terms to Rs. 9719.72 Crore) as compared to US$ 1169.27 million (Rs. 8366.59 Crore) in November 2019.<\/p>\n\n\n\n<p>Cut &amp; Polished diamond exports in April 2021 to November 2021 grew by 21.06% to US$ 16236.63 million (27.68% in rupee terms to Rs. 120398.90 Crore) as compared to US$ 13412.44 million (Rs. 94298.84 Crore) registered during April to November 2019.<\/p>\n\n\n\n<p>Gold Jewellery Exports in November 2021 declined by 36.52% to US$ 709.37 million (declined 33.83% in rupee terms to Rs. 5286.23 Crore) from US$ 1117.45 million (Rs. 7988.70 Crore) November 2019.<\/p>\n\n\n\n<p>Gold Jewellery Exports in April 2021 to November 2021 declined by&nbsp;27.76% to US$ 6137.17&nbsp;million (declined 23.82% in rupee terms to Rs. 45542.22) as compared to US$ 8495.58 million (59783.40 Crore) April to November 2019.<\/p>\n\n\n\n<p>Plain Gold Jewellery Exports in April 2021 to November&nbsp; 2021 declined by&nbsp; 59.43% to US $ 2487.03&nbsp; million (declined 57.20% in rupee terms to Rs. 18456.71 crore) compared to US$ 6130.43&nbsp; million (Rs. 43119.84 Crore) from April to November 2019.<\/p>\n\n\n\n<p>Studded Gold Jewellery Exports in April 2021 to November&nbsp; 2021 grew by&nbsp; 54.33 % to US$ 3650.14&nbsp; million (62.54 % in rupee terms to Rs. 27085.51 Crore) compared to US$ 2365.14&nbsp; million (Rs. 16663.57 Crore) April to November&nbsp;2019.<\/p>\n\n\n\n<p>Silver Jewellery Exports in April 2021 to November 2021 grew by 95.35 % to US$ 1691.86 million (105.46% in rupee terms to Rs. 12552.39 Crore) as compared to US$ 866.05 million (Rs. 6109.53 Crore) April to November 2019.<\/p>\n\n\n\n<p>Coloured Gemstone Exports in April 2021 to November 2021 declined by 12.69% to US$ 199.70 million (declined 8.14% in rupee terms to Rs. 1480.96 Crore) as compared to US$ 228.72 million (Rs. 1612.11 Crore) April to November 2019.<\/p>\n\n\n\n<p><strong>Commodity wise G&amp;J Exports: April &#8211; November&nbsp; 2021<\/strong> <strong>in comparison with Pre-Covid level April \u2013 November&nbsp; 2019<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Commodities<\/strong><\/td><td><strong>April &#8211; November&nbsp; 2019<\/strong><\/td><td><strong>April \u2013 November&nbsp; 2020<\/strong><\/td><td><strong>April- November&nbsp; 2021 (P)<\/strong><\/td><td><strong>% Growth\/Decline 2019\/2021<\/strong><\/td><\/tr><tr><td><strong>(US$mn)<\/strong><\/td><td><strong>(US$mn)<\/strong><\/td><td><strong>(US$mn)<\/strong><\/td><td><strong>(Y-o-Y)<\/strong><\/td><\/tr><tr><td>Cut &amp; Pol Diamonds<\/td><td>13412.44<\/td><td>8911.49<\/td><td>16236.63<\/td><td>21.06<\/td><\/tr><tr><td>Pol. Lab Grown Syn. Diamonds<\/td><td>276.03<\/td><td>357.34<\/td><td>819.79<\/td><td>196.99<\/td><\/tr><tr><td>Coloured Gemstones<\/td><td>228.72<\/td><td>101.56<\/td><td>199.7<\/td><td>-12.69<\/td><\/tr><tr><td>Pol. Synthetic Stone<\/td><td>0.71<\/td><td>0.49<\/td><td>2.86<\/td><td>302.82<\/td><\/tr><tr><td>Plain Gold Jewellery<\/td><td>6130.43<\/td><td>1086.45<\/td><td>2487.03<\/td><td>-59.43<\/td><\/tr><tr><td>Studded Gold Jewellery<\/td><td>2365.14<\/td><td>1476.83<\/td><td>3650.14<\/td><td>54.33<\/td><\/tr><tr><td>Silver Jewellery<\/td><td>866.05<\/td><td>1400.04<\/td><td>1691.86<\/td><td>95.35<\/td><\/tr><tr><td>Platinum Jewellery<\/td><td>5.9<\/td><td>8.56<\/td><td>20.83<\/td><td>253.05<\/td><\/tr><tr><td>Imitation Jewellery<\/td><td>38.77<\/td><td>26.13<\/td><td>49.22<\/td><td>26.95<\/td><\/tr><tr><td>Articles of Gold, Silver &amp; others<\/td><td>337.17<\/td><td>71.33<\/td><td>35.64<\/td><td>-89.43<\/td><\/tr><tr><td>Others<\/td><td>1,491.43<\/td><td>540.90<\/td><td>849.38<\/td><td>-43.05<\/td><\/tr><tr><td><strong>Gross Exports<\/strong><\/td><td><strong>25152.80<\/strong><\/td><td><strong>13981.13<\/strong><\/td><td><strong>26043.08<\/strong><\/td><td><strong>3.54<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>During April to November 2021, the overall gross exports of Gems &amp; Jewellery grew by 3.54 % to US$ 26.04 billion compared to April to November 2019 The major export markets were USA (38.33%), Hong Kong (24.46%), UAE (13.87%), Belgium (4.10%), and Israel (3.84%). The overall gem and jewellery exports for November 2021 witnessed a&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13150,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-13149","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>India\u2019s Export Of Cut &amp; Polished Diamonds Continue To Be On A Growth Trajectory, Records 11.42% growth in November 2021 Versus Same Period in 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\/indias-export-of-cut-polished-diamonds-continue-to-be-on-a-growth-trajectory-records-11-42-growth-in-november-2021-versus-same-period-in-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Export Of Cut &amp; Polished Diamonds Continue To Be On A Growth Trajectory, Records 11.42% growth in November 2021 Versus Same Period in 2019 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"During April to November 2021, the overall gross exports of Gems &amp; Jewellery grew by 3.54 % to US$ 26.04 billion compared to April to November 2019 The major export markets were USA (38.33%), Hong Kong (24.46%), UAE (13.87%), Belgium (4.10%), and Israel (3.84%). 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