{"id":220,"date":"2022-09-15T13:57:50","date_gmt":"2022-09-15T13:57:50","guid":{"rendered":"https:\/\/theeveningpost.in\/index.php\/2022\/09\/15\/indias-gem-jewellery-exports-in-april-august-2022-increase-10-pc\/"},"modified":"2022-09-15T13:57:50","modified_gmt":"2022-09-15T13:57:50","slug":"indias-gem-jewellery-exports-in-april-august-2022-increase-10-pc","status":"publish","type":"post","link":"https:\/\/theeveningpost.in\/index.php\/2022\/09\/15\/indias-gem-jewellery-exports-in-april-august-2022-increase-10-pc\/","title":{"rendered":"India’s Gem & Jewellery Exports in April-August 2022 increase 10 pc"},"content":{"rendered":"

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\nMumbai (Maharashtra) [India] :\u00a0<\/span><\/span><\/strong>The Gem & jewellery sector is all set to achieve its export target of USD 46 billion for the year 2022-23. For the cumulative period of\u00a0April – August 2022,\u00a0the\u00a0overall gross exports of gem & jewellery\u00a0witnessed a growth of 10.16% to Rs. 130440.39 crores (4.4% in dollar terms to US$ 16695.56 million) as compared to Rs. 118404.94 crores (US$ 15991.68 million) for the same period last year.<\/span><\/span> <\/p>\n

In August 2022, the\u00a0gem & jewellery exports\u00a0witnessed a growth of 6.7% to Rs. 26418.840 crores (declined 0.54% in dollar terms to US$ 3316.08 million) as compared to Rs. 24749.69 crores (US$ 3334.12 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

For the period of\u00a0April – August 2022,\u00a0the overall gross exports of\u00a0Cut & Polished diamonds\u00a0grew 1.59% to Rs. 78697.84 crores (fell 3.68% in dollar terms to US$ 10080.52 million as compared to Rs. 77465.26 crores (US$ 10465.28 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

In\u00a0August 2022,\u00a0the overall gross export of\u00a0Cut & Polished diamonds\u00a0declined 0.84% to Rs. 14955.8 crores (declined 7.48% in dollar terms to US$ 1879.74 million) as compared to Rs. 15082.28 crores (US$ 2031.64 million) in August 2021.<\/span><\/span><\/span><\/span><\/p>\n

Vipul Shah, Chairman, GJEPC<\/span><\/span>\u00a0said,\u00a0\u201cSince the last two months, the cut & polished diamond exports have been largely affected due to slowdown in the Chinese economy caused by ongoing lockdowns. In addition, the Russia-Ukraine conflict is affecting diamond exports to some extent. However, the cumulative growth in gems & jewellery for the period April \u2013 August 2022 is attributed to the robust performance of plain gold jewellery and studded jewellery, which witnessed a growth of 28.73% to Rs. 13302.52 crores and 23.11% to Rs. 17714.51 crores respectively, post the signing of the India-UAE CEPA. Moreover, silver and lab-grown diamonds continue with their strong growth due to high demand from the US and other major markets.”\u00a0<\/span><\/span><\/span><\/span><\/p>\n

For the period of\u00a0April to August 2022, the provisional gross export of\u00a0total\u00a0Gold Jewellery (plain & studded)\u00a0increased\u00a025.46%\u00a0to Rs. 31017.04 crores (+18.8%\u00a0in dollar terms to US$ 3964.740 million as compared to Rs. 24723.0 crores (US$ 3337.37 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

For August 2022, the total gross export of\u00a0Gold Jewellery (plain & studded)\u00a0witnessed a growth of\u00a015.44%\u00a0to Rs. 6659.43 crores (+7.12%\u00a0in dollar terms to US$ 832.95 million as compared to Rs. 5768.87 crores (US$ 777.57 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

In the financial year-to-date (April to August 2022), provisional gross export of\u00a0Plain Gold Jewellery\u00a0grew\u00a0<\/span><\/span>28.73% to Rs. 13302.52 crores\u00a0<\/span><\/span>(+21.85% in dollar terms to US$ 1699.33 million as compared to Rs. 10334.05 crores (US$ 1394.57 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

For\u00a0August 2022, the total gross export of\u00a0Plain Gold Jewellery\u00a0witnessed a growth of 25.44% to Rs. 2970.78 crores (16.74% in dollar terms to US$ 372.76 million as compared to Rs. 2368.24 crores (US$ 319.32 million) for the same last year.<\/span><\/span><\/span><\/span><\/p>\n

For the period of\u00a0April to August 2022, provisional gross exports of all kinds of\u00a0Studded Gold jewellery\u00a0surged\u00a023.11% to Rs. 17714.51 crores\u00a0(+16.61% in dollar terms to US$ 2265.42 million) as compared to Rs. 14388.95 crores (US$ 1942.8 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

For the month of\u00a0August 2022, the total gross export of all kinds of\u00a0Studded Gold jewellery\u00a0went up by\u00a08.47% to Rs.3688.65 crores\u00a0(0.42% in dollar terms to US$ 460.20 million) as compared to Rs. 3400.63 crores (US$ 458.25 million) in August 2021.<\/span><\/span><\/span><\/span><\/p>\n

From\u00a0April to August 2022, provisional gross export of\u00a0Silver Jewellery\u00a0increased\u00a033.2% to Rs. 10594.98 crores\u00a0(+26.26% in dollar terms to US$ 1354.91 million) as compared to Rs. 7954.45 crores (US$ 1073.1 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

During\u00a0April 2022 to August 2022, provisional gross export of\u00a0coloured gemstones\u00a0jumped\u00a050.66% to Rs. 1271.13 crores\u00a0(+42.81% in dollar terms to US$ 162.68 million) as compared to Rs. 843.69 crores (US$ 113.92 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

For the period of\u00a0April 2022 to August 2022, provisional gross export of\u00a0Platinum Jewellery\u00a0grew\u00a042.15% to Rs. 121.23 crores\u00a0(+30.78% in dollar terms to US$ 15.06 million) as compared to Rs. 85.29 crores (US$ 11.51 million) for same period last year.<\/span><\/span><\/span><\/span><\/p>\n

In the\u00a0fiscal year-to-date,\u00a0provisional gross export of\u00a0Polished Lab-Grown Diamonds\u00a0soared 64.06% to Rs. 5981.65 crores (+55.68% in dollar terms to US$ 765.86 million) as compared to Rs. 3646.0 crores (US$ 491.95 million) for the same period last year.<\/span><\/span><\/span><\/span><\/p>\n

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