The export of gems and jewellery slipped by 8.12% to $13.5 billion during April-August period this year compared to $14.7 billion in the same period last year, as per data compiled by the Gems and Jewellery Export Promotion Council (GJEPC).
Gold jewellery shipments during the period declined about 8% to $1.30 billion. The export of gold medallions & coins and rough diamonds contracted by 18% and 5%, respectively. Import of gold bars slid 38.5% to $1.26 billion.
However, silver jewellery export went up to $2 billion in April-August 2017-18, from $1.67 billion a year ago. Export of cut and polished diamonds reported a growth of just 0.51%. The import of rough diamonds rose by 8.84% to $7.7 billion in April-August.