{"id":17079,"date":"2022-09-15T15:50:01","date_gmt":"2022-09-15T10:20:01","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=17079"},"modified":"2022-09-15T16:46:41","modified_gmt":"2022-09-15T11:16:41","slug":"indias-gem-jewellery-exports-in-april-august-2022-rise-by-10-to-rs-130440-39-crores-y-o-y","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/indias-gem-jewellery-exports-in-april-august-2022-rise-by-10-to-rs-130440-39-crores-y-o-y\/","title":{"rendered":"India&#8217;s Gem &#038; Jewellery Exports in April-August 2022 Rise by 10% to Rs. 130440.39 crores Y-O-Y"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li>Gross export of Plain Gold Jewellery grew 28.73% to Rs. 13302.52 crores<\/li><li>Gross exports of all kinds of Studded Gold jewellery surged 23.11% to Rs. 17714.51 crores<\/li><li>Gross export of Silver Jewellery increased 33.2% to Rs. 10594.98 crores<\/li><li>Gross export of coloured gemstones jumped 50.66% to Rs. 1271.13 crores<\/li><li>Gross export of Polished Lab-Grown Diamonds soared 64.06% to Rs. 5981.65 crores<\/li><\/ul>\n\n\n\n<p>The Gem &amp; jewellery sector is all set to achieve its export target of USD 46 billion for the year 2022-23. For the cumulative period of <strong>April &#8211; August 2022, <\/strong>the <strong>overall gross exports of gem &amp; jewellery<\/strong> witnessed a growth of 10.16% to Rs. 130440.39 crores (4.4% in dollar terms to US$ 16695.56 million) as compared to Rs. 118404.94 crores (US$ 15991.68 million) for the same period last year.<\/p>\n\n\n\n<p>In August 2022, the <strong>gem &amp; jewellery exports<\/strong> witnessed a growth of 6.7% to Rs. 26418.840 crores (declined 0.54% in dollar terms to US$ 3316.08 million) as compared to Rs. 24749.69 crores (US$ 3334.12 million) for the same period last year.<\/p>\n\n\n\n<p>For the period of <strong>April &#8211; August 2022, <\/strong>the overall gross exports of <strong>Cut &amp; Polished diamonds<\/strong> grew 1.59% to Rs. 78697.84 crores (fell 3.68% in dollar terms to US$ 10080.52 million) as compared to Rs. 77465.26 crores (US$ 10465.28 million) for the same period last year.<\/p>\n\n\n\n<p>In <strong>August 2022,<\/strong> the overall gross export of <strong>Cut &amp; Polished diamonds<\/strong> declined 0.84% to Rs. 14955.8 crores (declined 7.48% in dollar terms to US$ 1879.74 million) as compared to Rs. 15082.28 crores (US$ 2031.64 million) in August 2021.<\/p>\n\n\n\n<p><a><strong>Vipul Shah, Chairman, GJEPC<\/strong><\/a> said, \u201cSince the last two months, the cut &amp; polished diamond exports have been largely affected due to slowdown in the Chinese economy caused by ongoing lockdowns. In addition, the Russia-Ukraine conflict is affecting diamond exports to some extent. However, the cumulative growth in gems &amp; jewellery for the period April \u2013 August 2022 is attributed to the robust performance of plain gold jewellery and studded jewellery, which witnessed a growth of 28.73% to Rs. 13302.52 crores and 23.11% to Rs. 17714.51 crores respectively, post the signing of the India-UAE CEPA. Moreover, silver and lab-grown diamonds continue with their strong growth due to high demand from the US and other major markets.&#8221;&nbsp;<\/p>\n\n\n\n<p>For the period of <strong>April to August 2022<\/strong>, the provisional gross export of <strong>total<\/strong> <strong>Gold Jewellery (plain &amp; studded)<\/strong> increased <strong>25.46%<\/strong> to Rs. 31017.04 crores (<strong>+18.8%<\/strong> in dollar terms to US$ 3964.740 million) as compared to Rs. 24723.0 crores (US$ 3337.37 million) for the same period last year.<\/p>\n\n\n\n<p>For August 2022, the total gross export of <strong>Gold Jewellery (plain &amp; studded)<\/strong> witnessed a growth of <strong>15.44%<\/strong> to Rs. 6659.43 crores (+<strong>7.12%<\/strong> in dollar terms to US$ 832.95 million) as compared to Rs. 5768.87 crores (US$ 777.57 million) for the same period last year.<\/p>\n\n\n\n<p>In the financial year-to-date (<strong>April to August 2022<\/strong>), provisional gross export of <strong>Plain Gold Jewellery<\/strong> grew <a>28.73% to Rs. 13302.52 crores <\/a>(+21.85% in dollar terms to US$ 1699.33 million) as compared to Rs. 10334.05 crores (US$ 1394.57 million) for the same period last year.<\/p>\n\n\n\n<p>For <strong>August 2022<\/strong>, the total gross export of <strong>Plain Gold Jewellery<\/strong> witnessed a growth of 25.44% to Rs. 2970.78 crores (16.74% in dollar terms to US$ 372.76 million) as compared to Rs. 2368.24 crores (US$ 319.32 million) for the same last year.<\/p>\n\n\n\n<p>For the period of <strong>April to August 2022<\/strong>, provisional gross exports of all kinds of <strong>Studded Gold jewellery <\/strong>surged <strong>23.11% to Rs. 17714.51 crores<\/strong> (<strong>+16.61% in dollar terms to US$ 2265.42 million<\/strong>) as compared to Rs. 14388.95 crores (US$ 1942.8 million) for the same period last year.<\/p>\n\n\n\n<p>For the month of <strong>August 2022<\/strong>, the total gross export of all kinds of <strong>Studded Gold jewellery<\/strong> went up by <strong>8.47% to Rs.3688.65 crores<\/strong> (<strong>0.42% in dollar terms to US$ 460.20 million<\/strong>) as compared to Rs. 3400.63 crores (US$ 458.25 million) in August 2021.<\/p>\n\n\n\n<p>From <strong>April to August 2022<\/strong>, provisional gross export of <strong>Silver Jewellery<\/strong> increased <strong>33.2% to Rs. 10594.98 crores<\/strong> (<strong>+26.26% in dollar terms to US$ 1354.91 million<\/strong>) as compared to Rs. 7954.45 crores (US$ 1073.1 million) for the same period last year.<\/p>\n\n\n\n<p>During <strong>April 2022 to August 2022<\/strong>, provisional gross export of <strong>coloured gemstones<\/strong> jumped <strong>50.66% to Rs. 1271.13 crores<\/strong> (<strong>+42.81% in dollar terms to US$ 162.68 million<\/strong>) as compared to Rs. 843.69 crores (US$ 113.92 million) for the same period last year.<\/p>\n\n\n\n<p>For the period of <strong>April 2022 to August 2022<\/strong>, provisional gross export of <strong>Platinum Jewellery<\/strong> grew <strong>42.15% to Rs. 121.23 crores<\/strong> (<strong>+30.78% in dollar terms to US$ 15.06 million<\/strong>) as compared to Rs. 85.29 crores (US$ 11.51 million) for same period last year. In the <strong>fiscal year-to-date, <\/strong>provisional gross export of <strong>Polished Lab-Grown Diamonds<\/strong> soared 64.06% to Rs. 5981.65 crores (+55.68% in dollar terms to US$ 765.86 million) as compared to Rs. 3646.0 crores (US$ 491.95 million) for the same period last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gross export of Plain Gold Jewellery grew 28.73% to Rs. 13302.52 crores Gross exports of all kinds of Studded Gold jewellery surged 23.11% to Rs. 17714.51 crores Gross export of Silver Jewellery increased 33.2% to Rs. 10594.98 crores Gross export of coloured gemstones jumped 50.66% to Rs. 1271.13 crores Gross export of Polished Lab-Grown Diamonds&hellip;<\/p>\n","protected":false},"author":1,"featured_media":17080,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-17079","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 - 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