India’s gems and jewellery exports decline by 3.46 percent
May 1, 2016 – India’s exports of gems and jewellery dropped 3.46% in FY2016 to USD 38.6 billion, compared to USD 39.98 billion in FY15.
Gross exports of cut and polished diamonds in FY2016 (financial year April 2015 to March 2016) dropped 13.66% to USD 19.996 billion (provisional same ports figures and data) as compared to USD 23.160 billion in FY15.
The Gem & Jewellery Export Promotion Council (GJEPC), sponsored by India’s Ministry of Commerce & Industry, released the annual export performance report for FY2016 in the presence of Chairman Mr. Praveenshankar Pandya, Vice Chairman Mr. Russell Mehta and other directors.
Exports of gold jewellery in FY16 dropped 13.07% to USD 8.6 billion as compared to USD 9.9 billion in FY15.
Exports of colored gemstones dropped 4.43% in FY16 to USD 433.18 million as compared to USD 453.25 million in FY15.
Other exports (such as pearls, synthetic stones, costume and fashion jewellery, etc.) increased by 49.66% in FY16.