Growing US economy adds to surge in India's gold jewellery exports from SEZ

In rupee term, however, India's overall gold jewellery exports jumped by a staggering 95 per cent to Rs 37.32 billion

Gold jewellery exports from special notified zones (SNZs), including special economic zones (SEZs) and export processing zones (EPZs), have almost doubled in the April-October period this year. This surge was propelled by increasing demands from the US, which accounts for about 40 per cent of the world’s gems and jewellery requirement.

Data compiled by apex industry organisation Gem and Jewellery Export Promotion Council (GJEPC) revealed that export of gold jewellery from SEZs/EPZs was worth $5.39 billion in the April-October period, a rise of 82 per cent from $2.96 billion in the corresponding period last year. In rupee terms, however, India’s gold