India’s gem and jewellery exports in April-July surged 54 per cent on year to Rs 52,600 crore, according to provisional data from the Gem and Jewellery Export Promotion Council (GJEPC).
In dollar terms, exports soared even higher at 68.55 per cent to $11.47 billion, despite a year-on-year appreciation in rupee against the dollar, GJEPC said. The exchange rate realised by the industry in July was 46.84 rupees per dollar as against 48.48 rupees in July last year, GJEPC said.
The data does not include export figures from Cochin and Surat special economic zones, Mumbai Foreign Post Office and Madras export processing zone, and is subject to revision, it said.
Segment-wise exports
Exports of cut and polished diamonds rose 63 per cent on year to Rs 35,123 crore in the period under review, the council said.
Exports of gold jewellery, both from domestic tariff area, and SEZs, were up 22.93 per cent at Rs 13,321 crore, it said.
In the same period, exports of coloured gemstones declined 0.15 per cent on year to Rs 371 crore, the data showed.
Exports of rough diamonds rose 49 per cent on year to Rs 1,429 crore, GJEPC said.
July exports
On a monthly basis, total gem and jewellery exports in July were up 35 per cent on year to Rs 10,679 crore mainly on account of a 32 per cent year-on-year rise in exports of cut and polished diamonds, the data showed.
July cut and polished diamond exports were at Rs 7,867 crore rupees as against Rs 5,951 crore a year ago, the data showed.
Gold jewellery exports also rose 21 per cent on year to Rs 2,131 crore in July, GJEPC said, adding exports of coloured gemstone were up 1.7 per cent on year to Rs 92 crore.
Imports
Data showed that in April-July, imports of rough diamonds rose 38 per cent on year to Rs 18,700 crore.
However, imports of gold bars were down 35 per cent on year to Rs 6,600 crore in April-July, while cut and polished diamond imports rose 55 per cent on year to Rs 22,451 crore, the council said. The figures do not include imports by MMTC Ltd, Madras EPZ and Cochin SEZ.
