{"id":2329,"date":"2020-11-03T16:04:20","date_gmt":"2020-11-03T10:34:20","guid":{"rendered":"https:\/\/gjepc.org\/solitaire\/?p=2329"},"modified":"2020-11-03T16:04:22","modified_gmt":"2020-11-03T10:34:22","slug":"indias-gem-jewellery-gross-exports-fall-55-to-us-2-74-billion-in-q1-fy2020-21","status":"publish","type":"post","link":"https:\/\/gjepc.org\/solitaire\/indias-gem-jewellery-gross-exports-fall-55-to-us-2-74-billion-in-q1-fy2020-21\/","title":{"rendered":"India\u2019s Gem &#038; Jewellery Gross Exports Fall 55% To US$ 2.74 Billion In Q1 FY2020-21"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">India\u2019s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to provisional data released by the Gem &amp; Jewellery Export Promotion Council (GJEPC).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">India\u2019s Q1 overall gross imports of gems and jewellery plummeted 75% to US$ 915.137 million, as compared to US$ 3,632.87 million for the same period in the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Declines were witnessed across almost all commodities owing to a complete or partial lockdown in all major export destinations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Notably, silver jewellery was the only category to register positive growth in the three-month period, with exports of US$ 324.59 million, marking a year-on-year increase of 93%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Q1, the overall gross exports of cut and polished diamonds fell 50% to US$ 1,801.71 million as against US$ 3,580.22 million a year ago.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">By contrast, the overall gross imports of cut and polished diamonds rose 22% to US$ 303.45 million versus US$ 248.45 million for the same period of previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The overall gross imports of cut and polished diamonds in DTA declined 81% to US$ 32.71 million on a year-on-year basis.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first quarter witnessed an 83% drop in gross imports of rough diamonds to US$ 481.65 million. The three-month period saw all the major trade bodies appeal for voluntary suspension of rough imports on&nbsp; 23rd&nbsp; April,&nbsp; 2020&nbsp; and&nbsp; 19th&nbsp; May,&nbsp; 2020 to&nbsp; reduce&nbsp; inventory&nbsp; and&nbsp; manage&nbsp; cash&nbsp; flow&nbsp; at&nbsp; a&nbsp; time&nbsp; when businesses across the world were going through disruptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In volume terms, gross rough diamond imports in the first quarter reduced 77% on a year-on-year basis to 6.36 million carats.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Provisional gross exports of polished lab-grown diamonds fell 42% to US$ 38.99 million compared with the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">First-quarter gross exports of plain and studded gold jewellery showed a decline of 79% to US$ 321.240 million.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Provisional Q1 gross exports of platinum jewellery dropped 59% to US$ 0.48 million (Rs. 3.66 crores) compared to the same period in the previous year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Coloured gemstone gross exports in Q1 declined 81% to US$ 16.2 million versus the comparative figure for the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to provisional data released by the Gem &amp; Jewellery Export Promotion Council (GJEPC). India\u2019s Q1 overall gross imports of gems and jewellery plummeted 75%&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2330,"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-2329","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>India\u2019s Gem &amp; Jewellery Gross Exports Fall 55% To US$ 2.74 Billion In Q1 FY2020-21 - 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\/indias-gem-jewellery-gross-exports-fall-55-to-us-2-74-billion-in-q1-fy2020-21\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India\u2019s Gem &amp; Jewellery Gross Exports Fall 55% To US$ 2.74 Billion In Q1 FY2020-21 - Solitaire magazine is a International jewellery magazine - India\u2019s leading B2B gem and jewellery magazine\" \/>\n<meta property=\"og:description\" content=\"India\u2019s overall gross exports of gems and jewellery during the first quarter of FY2020-21 (April-June 2020) showed a decline of about 55% to US$ 2746.64 million on a year-on-year basis, according to provisional data released by the Gem &amp; Jewellery Export Promotion Council (GJEPC). 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