India gold jewellery exports surged 19% in November

By Anil Mathews (ScrapMonster Author)

December 21, 2015 07:37:56 AM

NEW DELHI (Scrap Monster): The Indian gold jewellery exports grew sharply by over 18% year-on-year to $920.82 million (Rs. 6,088.44 Crore) in November 2015 while the country’s silver jewelry exports skyrocketed to $ 379.51 million (Rs. 2,509.32 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 November‘15 touched $1,322.36 million, declining by 15.20% over the previous year. The country’s exports of Coloured Gemstones recorded marginal drop, falling from $30.11 million during November‘14 to $25.37 million during November‘15. Also, the exports of Pearls declined to $0.10 million in Nov ’15 from $0.31 million a year ago. The exports of Synthetic stones have recorded significant increase from $6.26 million in November 2014 to $39.61 million in November2015.

India's export of gold medallions & coins jumped multi-fold during the month of November this year. The exports during the month totaled $472.52 million (Rs. 3,124.33 Crores). This is nearly nine times higher when compared with the exports of $56.48 million (Rs. 348.50 Crores) recorded during the same month a year ago. Meantime, export of Rough diamond from the country has declined substantially by over 34% in November‘15. The exports of Rough diamonds during the month totaled $62.06 million (Rs. 410.35 Crore).

The figures released by the country’s Export Promotion Council indicate that gold jewellery exports trended upwards in November when compared with October 2015. The exports of Colored gemstones recorded month-on-month increase. The export of gold medallions and coins export soared higher during Nov ‘15 when matched with the previous month. Also, silver jewellery exports climbed higher in comparison with the previous month.