A jewellery trade fair to be hosted by the Hong Kong Trade Development Council has already been rescheduled to May from March 2020, as Coronavirus scare hangs over the country. Often, such major events help Indian gems & jewellery exporters bag a big chunk of orders.
In the first 10 months of FY20 (April 2019-January 2020), the overall gross exports of gems & jewellery showed a 9.17 per cent decline (to the tune of $2966.42 million) during the month of January 2020 when compared with $3265.88 million in January 2019, the Gems & Jewellary Exports Promotion Council (GJEPC) data show.
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