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India’s Gem and Jewellery Exports Bounce Back in November

Indian manufacturing has returned “to almost 90%” in November
India Gems Diamonds
Credit: David Talukdar / shutterstock.com

A new report by India’s Gem Jewellery Export Promotion Council (GJEPC), quoted by Rough & Polished, shows a rapid and marked recovery: In November 2020, India’s gross exports of gems and jewellery totaled $ 2.48 billion – just 3.88% less when compared to the gross exports of November 2019. 

 

Indian Jeweler
Credit: Kalcutta / shutterstock.com

 

From April to November, overall gross exports totaled $13.95 billion – a decline of 44.37% year-on-year. 

 

Gold Jewelry India
Credit: NadyaRa / shutterstock.com

 

Colin Shah, Chairman of the GJEPC, said that gems and jewellery exports have gained momentum, and that manufacturing has returned “to almost 90% as rough diamond imports witnessed 69% growth in October”.  Shah added: “Considering the encouraging market demands and the current rate of growth, the sector is expected to record exports to pre Covid level numbers in the last quarter”.



Tags: Diamonds News, Jewelry News, Diamond Industry News, India News

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