India\u2019s overall gross exports of gems and jewellery grew 6.3% year on year to $2.49 billion in December 2020 as retail demand picked up in key markets. Meanwhile, overall gross imports of gems and jewellery declined 7% to $2.14 billion, indicating the clearing of inventory from the pipeline as manufacturing activity has yet to reach pre-Covid levels. <\/p>\n\n\n\n
India\u2019s total gem and jewellery exports in the April-December 2020 year-to-date period witnessed a 40% plunge to $16.526 billion on account of the impact of the pandemic. Overall gross imports of gems and jewellery during the same nine-month period dropped 46% to $9.94 billion, reflecting reduced manufacturing activity as factories shut down across the country in line with precautionary measures announced by the state and central governments. <\/p>\n\n\n\n
The overall gross exports of cut and polished diamonds, which accounted for the majority of the country\u2019s exports, grew 38% year-on-year to $1.736 billion in December 2020. The overall gross imports of cut and polished diamonds at $120.46 million in December 2020 declined 21% versus $152.26 million in December 2019. <\/p>\n\n\n\n
In April-December 2020, the overall gross exports of cut and polished diamonds at $10,687.61 million showed a decline of 27% compared to the same period in the previous year. Meanwhile, April-December 2020 gross imports of cut and polished diamonds grew 34% to $1424.01 million. <\/p>\n\n\n\n
Year-to-date gross imports of cut and polished diamonds in the Domestic Tariff Area (DTA) dropped 63% to $155.39 million, and grew 97% to $1.268 billion in SEZs (mainly Surat SEZ). <\/p>\n\n\n\n
In April-December 2020, rough diamond gross imports declined 33% to $6.76 billion, and plunged 430% in volume terms to 80.85 million carats. <\/p>\n\n\n\n
Polished lab-grown diamond (LGDs) gross exports in April-December 2020 grew 56% to $486.53 million. <\/p>\n\n\n\n
The total gross export of gold jewellery (plain and studded) declined 35% to $503.53 million in December 2020, and plummeted 67% to $3.020 billion in the April-December 2020 period. <\/p>\n\n\n\n
Continuing the positive trend shown throughout most of the year, gross exports of silver jewellery rose 51% to $1.532 billion in April-December 2020 (mainly from Surat SEZ). Platinum jewellery gross exports, too, shot up 74% to $11.12 million in the nine-month period. <\/p>\n\n\n\n
Coloured gemstone provisional gross exports from April to December 2020, dropped 50% to $122.98 million. Provisional gross exports of gold medallions and coins for the April-December 2020 period dropped 66% to $242.95 million versus a year ago. <\/p>\n","protected":false},"excerpt":{"rendered":"
India\u2019s overall gross exports of gems and jewellery grew 6.3% year on year to $2.49 billion in December 2020 as retail demand picked up in key markets. Meanwhile, overall gross imports of gems and jewellery declined 7% to $2.14 billion, indicating the clearing of inventory from the pipeline as manufacturing activity has yet to reach…<\/p>\n","protected":false},"author":1,"featured_media":3241,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-3240","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n