Gem & Jewellery exports up 4.4% during April-August

According to a media statement published by the Gem & Jewellery Export Promotion Council (GJEPC), gem and jewellery exports increased by 4.4% from April-August of FY23 to US$ 16,695.56 million, up from US$ 15,991.68 million in the same time last year

However, gem and jewellery exports fell 0.54% to US$ 3,316.08 million in August 2022, compared to US$ 3,334.12 million at the same time last year. The dip in the overall gem and jewellery exports in August was caused by a drop in cut and polished diamond exports.

From April-August 2022, the provisional gross export of coloured gemstones increased 42.81% to US$ 162.68 million, up from US$ 113.92 million in the same period last year. Provisional gross export of platinum jewellery increased 30.78% to US$ 15.06 million from April-August 2022, compared to US$ 11.51 million in the same period last year. Provisional gross export of polished lab-grown diamonds increased 55.68% year far to US$ 765.86 million, up from US$ 491.95 million in the same period last year.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.