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Gem jewellery exports rise 3% to $2.30 billion
The Hindu BusinessLine··12 Sept
India's gem and jewellery exports rose 3 percent in August to $2.30 billion from $2.23 billion. In rupee terms, shipments rose 13 percent to Rs 21,946 crore, GJEPC data showed. Studded gold jewellery exports jumped 52 percent in dollar terms. Plain gold jewellery exports fell 24 percent to $357 million. Cut and polished diamond volumes rose to 13.36 lakh carats.
Prism
What It Means For You
- Exporters of finished studded jewellery saw the strongest August dollar growth in the GJEPC split.
- Plain-gold shippers faced higher input costs as gold prices rose and duty-free metal stayed tight.
- April-August gem exports totalled $11.47 billion, up 3 percent despite high metal prices.
What's Happening
- Cut and polished diamond export value fell 5 percent to $925 million even as carats rose.
- Polished lab-grown diamond exports grew 28 percent to $125 million.
- Silver jewellery exports dropped 40 percent to $87 million.
The Price Pressure Behind It
- Gold prices rose from $4,074 to $4,411 per troy ounce between July and August.
- GJEPC chairman Kirit Bhansali said higher diamond volumes plus studded jewellery mark deeper value addition.
- He framed the shift as India moving from processing toward design and finished manufacturing.
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