GJ Exports India Grow 29% in December
Indian GJ Exports Bounce Back to US$ 3.04 Billion versus December 2019 The Indian industry is back on a roll immediately after the October festive break. Gem and jewellery exports in December 2021 reaffirm this with a growth of 29.49% to US$ 3040.92 million (+37.11% in rupee terms to Rs. 22914.630 crores) as compared to as compared to US$ 2348.44 million (Rs. 16712.46 crores) for the same period 2019 – the pre-pandemic year. The overall gem and jewellery exports from April 2021 to December 2021, grew 5.76% to US$ 29084.0 million (+11.61% in rupee terms to Rs. 216072.56 crores) as compared to compared to US$ 27500.85 million (Rs. 193587.67 crores) for the same period in 2019. Colin Shah, Chairman, GJEPC, said, “India’s performance in the crucial Christmas quarter capped a spectacular year for the gem and jewellery industry. The Holiday bounce has managed to offset part of the post-Diwali export slump when factories normally take a short break. Holiday...