As coronavirus scare spreads, gem and jewellery exports may lose sheen

The gems & jewellery industry has estimated an additional loss of 5 per cent in its exports in the immediate term

The Coronavirus outbreak is expected to hit consumer demand and affect India’s gem & jewellery exports, says industry experts. Globally, over 80,000 cases of COVID-19 have been reported. South Korea health authorities said the number of coronavirus cases in the country rose to 893 on Tuesday and 60 fresh cases have been reported. 

The Indian gems & jewellery industry has estimated an additional loss of 5 per cent in its exports on account of Coronavirus, besides a generally low demand due to economic slowdown. The sudden Coronavirus outbreak in countries like Japan, China and South Korea have also contributed to a