Author: Paul Ploumis27 Oct 2014 Last updated at 08:23:05 GMT
NEW DELHI (Scrap Monster) : The silver jewellery exports from India recorded significant surge of 66.76% year-on-year to $253.69 million (Rs. 1,543.96 Crore) in September this year. Also, the exports of gold jewelry picked up significantly by 30.32% year-on-year to $955.13 million, in accordance with the latest data released by the Gems and Jewelry Export Promotion Council (GJEPC).
According to GJEPC, country's cut and polished diamond exports in September reached $2,663.66 million, rising 11.19% over the previous year. The country’s export of Colored Gemstones plunged by 27.09% from $88.57 million in September 2013 to $67.65 million in September 2014. The exports of Pearls tumbled $0.07 million from $6.75 million a year ago. The exports of Synthetic stones witnessed sharp fall of 52% from $10.12 million in September 2013 to $4.82 million in September 2014.
India's gold medallions & coin exports fell nearly 63%, dropping sharply to $0.59 million (Rs.3.61 Crore). The export of Rough diamond from the country surged 16.62% in September. The total exports of Rough diamonds during the month totaled $151.06 million (Rs. 919.36 Crore).
In short, the figures released by the country’s Export Promotion Council demonstrate robust growth in exports of Gold and Silver Jewelry, whereas a sharp decline in exports of Pearls and Gold Medallions and Coins during the month of September this year.