GJ Exports India Rebound 54% YoY
Totaled US$ 39.15 billion in 2021-22 Cut & Polished diamond exports grew by 48.8%, Gold Jewellery exports grew by 84.56% & Studded Gold jewellery exports grew by 93.30% FY 2021-22 has been a bounce back year for the Indian gem & jewellery export sector. The overall gross exports of gem & jewellery from April 2021- March 2022 stood at US$ 39.15 billion (Rs. 291771.48 crores), showing a growth of 54.13% in dollar terms (55.75% in Rs, terms) as compared to US$ 25.40 billion (Rs. 187333.68 crores) in FY 2020-21. In the month of March 2022, the overall gross exports of Gems & Jewellery stood at US$ 3393.29 million (Rs. 25872.83 crores), showing a decline of 0.46% in dollar terms (grew 4.33% in Rs. term) as compared to US$ 3409.07 million (Rs. 24798.33 crores) for the same period in FY 2020-21. Colin Shah, Chairman, GJEPC said, “India’s exports to global markets bounced back 54%, demonstrating the agility of the Indian G&J pipeline in ...