GJ Exports India hike up of 17% in August

GJ Exports Recorded at Rs24239.81Cr in August 2021 
Surpasses Pre-Pandemic Levels

Studded Gold Jewellery Exports soar 110.81% in August YoY 
Cut and Polished diamond exports rise by 29.37% in August YoY 

The overall gross exports of Gem-n-Jewellery (GJ) recorded a growth of 17% to Rs. 24239.81crore (+12.76% in dollar terms to US$ 3288.32 million) in the month of August 2021 as compared to the August 2019 figure of Rs. 20793.80 crore (US$ 2916.18 million).    

During April-August 2021, the overall gross exports of GJ witnessed a growth of 13.17% to Rs. 116503.64 crore (+7.41% in dollar terms to US$ 15853.91 million) as compared to Rs. 102949.34 crore (US$ 14760.66 million) during April-August 2019.   

Colin Shah, Chairman, GJEPC, said, “So far the FY2021-22 has been showing a healthy recovery. Thanks to the gradual opening of the markets, the removal of entry restrictions, and the forthcoming festive season, India’s GJ exports will witness consistent growth in the near future.” 

Cut & Polished Diamond exports have registered a growth of 29.37% to Rs15083.33 Crore (+25.27% in dollar terms to US$ 2051.88 million) in August 2021 as compared to Rs11659.46 crore (US$ 1638 million) in August 2019. During April-August 2021, Cut & Polished Diamond exports grew 33.17% to Rs. 77473.56 crore (+26.74% in dollar terms to US$ 10574.22 million) as compared to Rs58175.38 crore (US$ 8343.42 million) during April-August 2019.  “Strong demand in the USA, China and several European countries along with sustained consumer interest in diamond jewellery are some of the factors for the positive export growth of cut and polished diamonds.” said Colin Shah. 

In August 2021 Gold Jewellery exports declined 15.06% to Rs. 5756.54 crores (-17.91% in dollar terms to US$ 777.65 million) as compared to Rs6777.50 crore (US$ 947.36 million) in August 2019.  

During April-August 2021, overall Plain & studded Gold Jewellery exports declined 30.39% to 23715.67 crore (-34.29% in dollar terms to US$ 3208.31 million) as compared to Rs. 34071.33 crore (US$ 4882.64 million) for the same period in 2019. 

In April-August 2021, Plain Gold Jewellery Exports dropped 66.82% to Rs.8468.43 crore (-68.70% in dollar terms to US$ 1144.66 million) as compared to Rs25526.18 crore (US$ 3657.36 million) during April-August 2019.  

Fiscal year-to-date Studded Gold Jewellery Exports shot up 78.43% to Rs15247.24 crore (+68.42% in dollar terms to US$2063.66 million) as compared to Rs. 8545.15 crore (US$ 1225.27 million) during the same period of 2019.   

From April-August 2021 Silver Jewellery Exports skyrocketed 169.62% to Rs7866.04 crore (+153.98% in dollar terms to US$ 1061.13 million) as compared to Rs2917.44 crore (US$ 417.80 million) in April-August 2019.   

“The positive export growth was boosted by the exports of silver jewellery studded with precious metals (diamonds) from the SEZs,” added Colin Shah.
  
Coloured Gemstone Exports in the fiscal year-to-date declined 9.14% to Rs. 828.76 crore (-14.36% in dollar terms to US$ 111.90 million) compared to Rs912.11 crore (US$ 130.66 million) recorded in the corresponding period in 2019. 



 


Comments

Post a Comment

Popular posts from this blog

AI, virtual reality & big data impacts on industry

Image
CIBJO Technology Committee publishes the Report!     With just six days to go to the opening of the 2023 CIBJO Congress in Jaipur, India, on October 3, 2023, the tenth and final edition of this year’s pre-congress special reports has been released. Prepared by the CIBJO Technology Committee, headed by Stéphane Fischler, the report looks at the impacts of new technologies on the jewellery industry, and in particular those related to artificial intelligence, virtual and augmented reality, and big data.   “We need to learn as we move along, investing in digital infrastructure and talent, and using the data we capture in a legal and optimal fashion,” Fischler writes. “To prosper in this brave new world, we have to innovate in order not to be left behind.”   All of the various system discussed are dependent on the availability of data, collected via the Internet, and also increasingly from the data generated by the new technologies being introduced, he states. “But it is not enough t
Read more

BFC & Pandora announce the fashion awards

Image
Ties principal partnership for TFA 2023 The British Fashion Council (BFC) is delighted to welcome Pandora, the world’s largest jewellery brand, as the Principal Partner of The Fashion Awards 2023 (TFA) taking place in London on Monday 4th of December at the Royal Albert Hall.  The BFC and Pandora will work together to evolve TFA 2023 presented by Pandora as a global entertainment platform, celebrating fashion's role at the intersection of culture and entertainment, spotlighting creative talent and telling the stories of the year in fashion through the lens of purpose, excellence and creativity. The event also serves as the primary fundraiser for the BFC Foundation.   
Read more

GJEPC championing talent, celebrate design & craftsmanship

Image
The 7th Artisan Jewellery Design Awards held in Mumbai   The 7th edition of The Artisan Jewellery Design Awards, hosted by the Gem & Jewellery Export Promotion Council (GJEPC) and powered by GIA, challenged designers to tap uncharted territory by integrating unusual materials and cherished objects into their jewellery designs, to infuse their pieces with a unique identity.   Actress and style icon Sonam Kapoor graced GJEPC’s 7th edition of Artisan Jewellery Design Awards in Mumbai and presented awards to winners. Sonam Kapoor graced the stage with an aura of elegance and charisma along Vipul Shah (Chairman, GJEPC); Kirit Bhansali (Vice Chairman, GJEPC); Sriram Natarajan (Managing Director, GIA India); Milan Chokshi (Convener, Promotions & Marketing, GJEPC); Sabyasachi Ray (Executive Director, GJEPC) bestowed the coveted awards upon 6 Artisan winners.  This year the theme for the Artisan Jewellery Design Award were two unconventional themes - Objet Trouvé (Found Objects) and
Read more