Gems & Jewelery Export: India’s total exports of gems and jewelery have seen a boom. In August 2022, the total export of gems and jewelery grew by 6.7 per cent to Rs 26,418.84 crore on a year-on-year basis. Gems and Jewelery Export Promotion Council (GJEPC) gave this information. According to GJEPC, the total export of gems and jewelery during August 2021 was Rs 24,749.69 crore.
Know which segments were booming during August
The total gross export of polished and polished diamonds (CPD) declined by 0.84 per cent to Rs 14,955.8 crore in August this year. It was Rs 15,082.28 crore in August 2021. The total gross exports of CPD during April-August 2022 grew by 1.59 per cent to Rs 78,697.84 crore as against Rs 77,465.26 crore in the corresponding period of last fiscal.
What did the President of GJEPC say?
GJEPC President Vipul Shah said, “The slowdown in China’s economy for the past two months has affected CPD exports to a great extent. Also Russia and Ukraine conflict has affected diamond exports to some extent. ” Apart from this, the total gross export of plain gold jewelery grew by 25.44 per cent to Rs 2,970.78 crore in August. It was Rs 2,368.24 crore in the same month a year ago.