Kolkata, The general gross export of gems and jewelry stays robust and registered a progress of 6.33 per cent to USD 2.49 billion throughout December 2020 as in comparison with USD 2.35 billion within the corresponding month of 2019, a senior GJEPC official stated. In Rupee phrases, the sector grew by 9.2 per cent in December 2020 to Rs 18,261 crore.
Nonetheless, the general gross exports of the sector remained down by 39.98 per cent to USD 16.53 billion throughout AprilDecember 2020 interval as in comparison with USD 27.54 billion throughout the identical interval final yr, the official stated.
“Exports have recovered sharply within the final two months and if the pattern continues the decline on this fiscal yr could slender right down to 20-25 per cent. Within the early months of the fiscal, the sector was down by over 80 per cent,” Gem Jewelry Export Promotion Council (GJEPC) chairman Colin Shah instructed .
Reduce and Polished diamond (CPD) exports in December 2020 posted a pointy leap by 38.47 per cent to USD 1.74 billion as in comparison with USD 1.25 billion within the earlier years corresponding month. Whereas, for the 9 months interval CPD exports stayed destructive by 27.13 per cent to USD 10.69 billion.
Gold jewelry exports for the month beneath overview was decrease by 35.06 per cent to USD 0.50 billion in comparison with USD 0.77 billion in December 2019. And for the April-December interval gold jewelry exports was down 67.30 per cent to USD 3.02 billion from USD 9.23 billion for the primary 9 months of the earlier yr, the GJEPC chairman stated.
Colored gemstone exports until December 2020 was additionally down by 50.26 per cent to USD 0.12 billion from USD 0.24 billion of final fiscal.
Nonetheless, silver jewelry exports from April 2020 to December 2020 stayed strong and grew 50.66 per cent to USD 1.5 billion over the earlier fiscal, he stated.
Shah stated in Rupee phrases the general gross exports rose 9.27 per cent to Rs 1,8261 crore for the month of December 2020 and for April-December was decrease by 36.84 per cent to Rs 1,22,422 crore.
In the meantime, general gross import of Gems and Jewelry between April and December 2020 dropped by 46.14 per cent to USD 9.94 billion from USD 18.47 billion registered April December 2019. BSM RG RG