Exports of gemstones and jewellery from India reached US$7.8 billion in April and May, up 11.32 percent from the same period a year ago, according to the Gem & Jewellery Export Promotion Council (GJEPC).
Exports of cut and polished diamonds during the period in review, meanwhile, rose 1.09 percent to US$3.8 billion, the council revealed.
In May alone, overall exports from the gem and jewellery sector stood at US$3.97 billion, an increase of 9.32 percent from the previous year. The country’s shipment of cut and polished diamonds in May recorded a rise of 3.67 percent to US$2.05 billion. Exports of gold jewellery (both studded and plain) during the month declined by nearly 30 percent to US$533.51 million.
Rough imports during the month reached US$1.86 billion, 22.5 percent higher in value terms from a year ago. Imports of cut and polished diamonds were down 1.9 percent to US$244.47 million, according to GJEPC.