Gem, jewellery exports rise 29% to Rs 23,259 crore in September

Exports rise by 22.63% to $33.79 bn in Sept; trade deficit up $22.59 bn

"With Rs 140,412.94 crore ($18.98 billion) exports during April-September, the sector has already achieved nearly half (46 percent) of the $41.66 billion exports target set by the government for the sector. The sentiment in the industry is incredibly positive with markets opening up and demand gradually returning to normal," GJEPC chairman Colin Shah said.

Moreover, with the festive season coming up, GJEPC is optimistic to achieve the export target by the end of the financial year, he added. During April-September 2021, Cut and Polished Diamond (CPD) exports grew by 122.62 percent to Rs 91,489.2 crore compared to Rs 41,095.83 crore in the same period of 2020.

Gold jewellery exports during April-September 2021 surged by 262.66 percent to Rs 29,379.36 crore as against Rs 8,100.97 crore in the corresponding period of 2020.

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Silver jewellery shipments increased by 48.25 percent to Rs 9,477.39 crore in April-September compared to Rs 6,392.65 crore during April-September 2020, the GJEPC added.