Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Gems, jewellery exports decline 6.77% in Apr-Nov 2018: GJEPC.

Date: 07-01-2019
Subject: Gems, jewellery exports decline 6.77% in Apr-Nov 2018: GJEPC
New Delhi, Jan 6 () The country's gems and jewellery exports contracted by 6.77 per cent to USD 20.74 billion in April-November this fiscal, mainly on account of demand slowdown in major developed markets. 

According to the Gems and Jewellery Export Promotion Council (GJEPC) data, exports stood at USD 22.24 billion in April-November period of 2017-18. 

The labour-intensive sector contributes about 14 per cent to the country's overall exports. The decline in shipments is mainly due to negative growth in the export of silver jewellery, gold medallions and coins, along with a rise in the return of consignments. 

As per the data, silver jewellery shipments during the period dipped by 82.6 per cent to USD 503 million. Similarly, export of gold medallions and coins contracted by 84.7 per cent during the eight months of 2018-19. 

Shipments of rough diamonds too reported a negative growth of 13.4 per cent. 

But, exports of cut and polished diamonds grew by 6 per cent to USD 16.5 billion during the period under review. 

Gold jewellery shipments increased to USD 8 billion during the period from USD 6 billion in April-November last fiscal. 

India's main export destinations are the US, Europe, Japan and China. America accounts for about one-fourth of the country's total gems and jewellery exports. 

During the period, consignments worth about USD 6 billion were returned compared with USD 5.4 billion in April-November 2017. 

China is the biggest competitor of India in the sector. 

Imports of gems and jewellery too dipped by 12.41 per cent in April-November 2018-19 to USD 17.7 billion. Imports of rough diamonds contracted 13.27 per cent, while that of gold bar jumped to USD 5.5 billion during the period as against USD 3.3 billion in April-November 2017. 

Source: timesofindia.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 24-10-2020

Date: 21-10-2020
Notification No. 38/2020-Customs
Notification regarding exemption of duties of Customs against scrips issued under the RoSL scheme for apparel and made-ups sectors.

Date: 21-10-2020
Notification No. 07/2020 – Central Excise
Notification regarding exemption of duties of Central Excise against scrips issued under the RoSL scheme for apparel and made-ups sectors

Date: 20-10-2020
Notification No. 37/2020-Customs
Seeks to further amend notification no. 152/2009 dated 31.12.2009, regarding the rate of duty of customs on imports of "Polybutadiene Rubber" originating in Korea RP and imported under the India-Korea Comprehensive Economic Partnership Agreement.

Date: 15-10-2020
Notification No. 99/2020 - Customs (N.T.)
Exchange rate Notification No.99/2020-Cus (NT) dated 15.10.2020- regd.

Date: 13-10-2020
Trade Notice No. 30/2020-2021-DGFT
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under GSP, GSTP, India-Malaysia CECA, India-Singapore CECA w.e.f. 15th October 2020

Date: 09-10-2020
Notification No. 39/2015-2020
Amendment in Export Policy of Onions

Date: 08-10-2020
Circular No. 44/2020-Customs
Procedure for inspection of ICDs/CFSs/AFSs -reg

Date: 08-10-2020
Notification No. 49/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 07-10-2020
Public Notice No.24 /2015-20
Revision of SION H-68, H-301 & H-302 of Export Products- Double Decorative/Single side Laminates with or without Barrier Paper

Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001