Gem & jewellery exporters eye recovery during Christmas after weak demand

In FY18-19, weak silver jewellery and gold coins exports slowed sector's growth to only 2%

Christmas has been a major occasion for gem and jewellery exporters and this time, the demand is crucial because of the slow growth seen so far in the current financial year.

In the first 7 months of 2018-19, gem and jewellery exports fell 4.4 per cent to $18.71 per cent. However, in October, there was a slight positive trend and exporters are anxious to see if the trend continues.

“The jewellery retail sales in the US are quite robust at the moment and we are expecting thriving business during Christmas this year. However, the European and the Middle East markets