By Anil Mathews (ScrapMonster Author)
May 02, 2016 07:58:09 AM
NEW DELHI (Scrap Monster): The Indian gold jewellery exports surged higher considerably by nearly 30% year-on-year to $814.34 million (Rs. 5,457.70 Crore) in March 2016 while the country’s silver jewelry exports dropped by nearly 27% to $ 232.45 million (Rs. 1,557.91 Crore). This is in accordance with the latest official monthly data released by the country’s Gems and Jewellery Export Promotion Council (GJEPC).
According to GJEPC, country's cut and polished diamond exports in March ‘16 touched $1,825.39 million, rising marginally by 4% over the previous year. The country’s exports of Coloured Gemstones recorded marginal decline, falling from $30.49 million during March ‘15 to $27.66 million during March this year. Also, the exports of Pearls declined to $0.06 million in Mar ‘16 from $0.09 million a year ago. The exports of Synthetic stones dropped sharply from $13.41 million in March 2015 to $7.19 million in March this year.
India's export of gold medallions & coins climbed higher significantly during the month of March this year. The exports during the month totaled $452.85 million (Rs. 3,035.02 Crores). This is considerably higher when compared with the exports of $398.88 million (Rs. 2,490.99 Crores) recorded during the same month a year before. Meantime, export of Rough diamond from the country has held more or less steady in March ’16, rising marginally. The exports of Rough diamonds during the month totaled $156.32 million (Rs. 1,047.66 Crore).
The figures released by the country’s Export Promotion Council indicate that gold jewellery exports trended downwards in March when compared with February 2016. The exports of Colored gemstones too recorded month-on-month decline. The export of gold medallions and coins surged higher significantly during Mar ‘16 when matched with the previous month. Also, silver jewellery exports declined in comparison with the previous month.