According to provisional data released by The Gem & Jewellery Export Promotion Council (GJEPC) quoted by Rough & Polished, exports of gold jewelry in India, both studded and plain, fell by 35% to $547.5 million in November, year-on-year.
Exports from the gem and jewelry sector in November stood at $2.47 billion – a decline of 20.4% year-on-year. Exports of silver jewelry declined to $256.26 million from $370.69 million in November 2015. Coloured gemstone exports were down in November 2016 to $24.44 million as compared to $25.06 million exported a year earlier.
The overall exports from the gem and jewelry sector in India from April to November 2016 stood at $28.79 billion – a rise of 10.91%. Exports of gold jewelry rose 12.02% to $6.09 billion during the same period. Silver jewelry exports rose 16.37% to $2.37 billion and coloured gemstones exports dropped 7.48% to $265.06 million.
