Gems & Jewellery Exports Rise 4% in April.

India's gems and jewellery exports rose marginally by 4.18% to 14,268 crore durng April. Exports of cut and polished diamonds have increased by 5%, while silver jewellery exports rose by around 34% in April.

"The overall exports of gems and jewellery at $3,215.73 million ( 14,268.20 crore) in the month of April 2011 is showing a growth of 4.48% (4.18% in rupee terms) as compared to $3,077.76 million ( 13,696.02 crore) in the same period previous year. The overall exports of cut & polished diamonds at $2,035.22 million ( 9,030.27 crore) in the month of April 2011 have shown a growth of 5.53% (5.22% in rupee terms) as compared to $1,928.60 million ( 8,582.26 crore) for the same period of previous year," according to a press release by Gem & Jewellery Export Promotion Council (GJEPC).

It may be mentioned here that cut and polished diamonds accounted for 65.49% of the total gem and jewellery export of India in the fiscal 2011. During 2010-11, India registered 55% increase in the cut and polished diamond exports at $28,251 million.

"We have witnessed good business after recession and we hope that it will continue. We expect around 20% increase in exports this year," said Sanjay Kothari, vice chairman of GJEPC.

According to GJEPC, provisional export of gold jewellery and gold medallions for the month of April 2011 stood at 4,543.31 crore, which shows decline of 0.72% over the comparative figure of 4,576.31 crore for April 2010.

The provisional export of silver jewellery for the period stood at 178.96 crore showing growth of 34.17% compared to export of 133.38 crore for April 2010.


Source : economictimes.indiatimes.com