The Gem and Jewellery Export Promotion Council (GJEPC) has said India's overall gem and jewellery exports in November declined by 4.21 per cent to Rs 17,784.92 crore ($2,384 million) as compared to the same month last year due to break in manufacturing activity during Diwali. The total exports during November 2020 stood at Rs 18,565.31 crore ($2,582.39 million).
According to data by GJEPC, the exports of cut and polished diamond (CPD) in November declined by 20.41 per cent to Rs 9,719.72 crore ($1,302.78 million) compared to Rs 12,212.79 crore ($1645.19 million) in the corresponding month last year. However, the total export of gold jewellery grew by 38.24 per cent to Rs 5,286.23 crore in November compared to Rs 3,823.82 crore ($515.38 million) for the same period of previous year.
Provisional gross export of silver jewellery for the period April-November 2021 showed a growth of 20.47 per cent at Rs 12,552.39 crore ($1,691.86 million) against Rs 10,419.33 crore ($1,400.04 million) in the same period of previous year. Provisional gross export of coloured gemstones for the period April-November period also witnessed a growth of 96.1 per cent at Rs 1,480.96 crore ($199.7 million) compared to Rs 755.2 crore ($101.56 million) in the same period of last year.