By Paul Ploumis 18 Sep 2015 Last updated at 08:31:55 GMT
NEW DELHI (Scrap Monster): The Indian gold jewellery exports declined sharply by nearly 14% year-on-year to $537.50 million (Rs. 3,497.54 Crore) in August 2015 while the country’s silver jewelry exports remained more or less flat at $ 234.33 million (Rs. 1,524.79 Crore). This is in accordance with the latest official monthly data released by the Gems and Jewellery Export Promotion Council (GJEPC).
According to GJEPC, country's cut and polished diamond exports in August ‘15 touched $1,755.46 million, declining by 8.43% over the previous year. The country’s exports of Coloured Gemstones recorded significant jump, rising sharply from $31.67 million during August ‘14 to $40.46 million during August ‘15. Also, the exports of Pearls increased to $0.13 million from $0.12 million a year ago. The exports of Synthetic stones have soared multi-fold from $0.12 million in August 2014 to $6.87 million in August 2015.
India's export of gold medallions & coins during the month of August this year witnessed increased activity. The exports during the month totaled $0.83 million (Rs. 5.42 Crores). This is nearly 63% higher when compared with the exports of $0.51 million (Rs. 3.13 Crores) recorded during the same month a year ago. Meantime, export of Rough diamond from the country has declined substantially by almost 24% in August ‘15. The exports of Rough diamonds during the month totaled $574.14 million (Rs. 88.23 Crore).
The figures released by the country’s Export Promotion Council indicate that gold jewellery exports trended upwards in August when compared with July 2015. The exports of Colored gemstones recorded month-on-month increase. On the other hand, gold medallions and coins export dropped sharply. Also, silver jewellery exports declined in comparison with the previous month.