India's gems and jewellery exports grew 40% in April

NEW DELHI (Scrap Monster) : The provisional figures released by the Gem and Jewellery Export Promotion Council, India (GJEPC) indicates that the total exports of gems and jewellery during the month of April this year surged by nearly 40% year-on-year.

The GJEPC figures show that the total exports of gems and jewellery from the country during April 2013 amounted to Rupees 18,422.44 crores ($3,387.72 million), which is 39.4% higher than the total exports of Rupees 13,215.19 ($2,551.19) during April 2012. The above dollar figures are on the basis of the existent exchange rates during the periods mentioned.

The exports of cut and polished diamonds recorded a stable growth of 44.19% during April year-on-year. Gold jewellery exports through domestic tariff area (DTA) saw a significant jump of 150.58% in comparison with April 2012. However, the exports of gold jewellery and gold medallions through Special Economic Zone (SEZ) / Export Processing Zone (EPZ) routes declined by 24.8%.

The exports of Colored gem stones and silver jewellery shot up by 234.14% and 497.39% respectively. The exports of rough synthetic stones, rough pearls and platinum also grew by 35.93% when compared to April last year.

Rough diamond exports by the country also jumped 12.38% from INR 597 crores in April 2012 to INR 1,317 crores in April 2013.

The apex body of the Indian gem and jewellery industry states that the April 2013 figures are provisional and are subject to change. Moreover, the figures are exclusive of the data for costume/fashion jewellery and sales to foreign tourists.