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Gems and jewellery exports fell by a marginal 1.21% to Rs 2.10 lakh crore in 2013-14 due to sluggish shipment of gold ornaments, medallion and coins, industry body GJEPC said.
India had exported Rs 2.12 lakh crore worth of gems and jewellery in the previous year.
"We could not export much of gold jewellery in 2013-14 because of the government curbs on gold imports." Gems and Jewellery Export Promotion Council Chairman Vipul Shah said.
He said GJEPC has sought relaxation in gold import duty to ensure adequate supply of the metal and help meet export demands for jewellery, he said.
To check high current account deficit, the government had hiked import duty on gold to 10% and made it mandatory for traders to export 20% of the imported gold.
According to the latest data of GJEPC, gold jewellery exports fell to Rs 47,716 crore in 2013-14 from Rs 71,295 crore in the year-ago period.
Similarly, shipments of gold medallion and coins fell to Rs 19,203 crore from Rs 28,490 crore, exports of coloured gems stones declined marginally to Rs 3,136 crore from Rs 3,543 crore in the review period.
Exports of cut and polished diamonds improved to RS 1.18 lakh crore in 2013-14 as against Rs 94,741 crore in the previous year.
Silver jewellery exports increased to Rs 8,798 crore from Rs 5,028 crore, while sale of pearl in overseas markets rose to Rs 61.41 crore from Rs 26 crore in the review period.
Exports of synthetic stones also improved to Rs 481.64 crore in 2013-14 from Rs 282.71 crore in the previous year.
The US, Europe, the UAE and Hong Kong accounted for the maximum share gems and jewellery exports.
