The exports of gems and jewellery grew nearly by 4% and stood at $9.17 billion during the first quarter of the current financial year. As per data compiled by the Gems and Jewellery Export Promotion Council (GJEPC), the sector export aggregated to $8.84 billion, in the April-June quarter of the last financial year. The rise in shipments was mainly supported by exports of silver jewellery, and gold medallions and coins.
The shipments of gold medallions and coins registered a growth of about 42% to $1.51 billion during the period under review. Gold jewellery shipments recorded a meager growth of 1.78% during the first three months of the current financial year.
Besides, silver jewellery exports increased to $1.71 billion during April-June 2017-18, from $958.65 million a year ago. Exports of cut and polished diamonds, colored gem stones and rough diamonds also reported positive growth.