The Gem Jewellery Export Promotion Council (GJEPC) in its latest data showed that Indian gems and jewellery exports fell by 12.29% in August 2019 to Rs 20,242.20 crore compared to Rs 23,077.26 crore of exports during August 2018. The dip is in tandem with curtailed manufacturing countered by liquidity crunch in the market.
The exports of gems and jewellery during April to August reports a dip of 6.42% at Rs 1,06,902.23 crore compared to last year same period's Rs 1,14,236.15 crore. Shipment of cut and polished diamonds (CPD) in August dipped by 23.10 at Rs 11,656.97 crore compared to last year same month's Rs 15,158.69 crore. The CPD exports from April-August fell 16.78% to Rs 58,177.52 crore from Rs 69,906.76 crore during April-August 2018.
However, the data showed that gold jewellery exports grew by 8.63% in August to Rs 6,517.80 crore from Rs 6,000.24 crore in August 2018. Gold jewellery exports April to August declined by 1.58 percent to Rs 34,982.69 crore from Rs 35,544.47 crore during April-August 2018.