Silver jewellery exports fall 88% in FY19, industry seeks policy support

Focused buyer-seller meets would be one helpful step to stoke demand from consuming nations

Export of silver jewellery has fallen as much as 88 per cent so far this financial year, shows data compiled by the apex industry body, the Gems and Jewellery Export Promotion Council (GJEPC).   

The cumulative export figure for April-August, the first five months of 2018-19, was $239 million (Rs 16.3 billion), compared to $2.0082 billion (Rs 129.4 billion) in the corresponding period last year. 

However, during this period, overall gems and jewellery export rose by 7.3 per cent in rupee terms to Rs 1,131 billion and nearly 1.9 per cent in dollar terms to $16.7 billion. 

Indian export of