India’s gem and jewellery exports during December 2021 grew 29.49 per cent to $3,040.92 million (Rs 22,914.6 crore) as compared to $2,348.44 million
India’s gem and jewellery exports during December 2021 grew 29.49 per cent to $3,040.92 million (Rs 22,914.6 crore) as compared to $2,348.44 million (Rs 16,712.46 crore) in December 2019 — the pre-pandemic year, the Gem and Jewellery Export Promotion Council said.
Besides, exports during April-December rose 5.8 per cent to $29,084 million from $27,500 during the same period of 2019.
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“The holiday bounce has managed to offset part of the post-Diwali export slump when factories normally take a short break. Holiday and festive demand was robust in important trading centres such as the US, Hong Kong, Thailand, and Israel,” Council Chairman Colin Shah said.
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“And we have every reason to believe that this momentum will carry through the end of FY 2022, bringing us closer to the set target of $41.67 billion in exports.”
Further, exports of cut and polished diamonds in December 2021 grew by 41 per cent to $1,770.61 million as compared to $1,253.79 million for the same period of 2019.
During April-December 2021, cut and polished diamond exports rose by 23 per cent to $18,007.24 million as compared to $14,666.23 million for the same period in 2019.
Gold exports during December 2021 remained largely steady at $778 million, the Council said.
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