India gold jewellery exports surged 35% in December

By Anil Mathews (ScrapMonster Author)

January 22, 2016 07:43:51 AM

NEW DELHI (Scrap Monster): The Indian gold jewellery exports surged higher considerably by over 35% year-on-year to $560.61 million (Rs. 3,733.66 Crore) in December 2015 while the country’s silver jewelry exports too increased by 5.7% to $ 147.33 million (Rs. 981.19 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 December ‘15 touched $1,203.31 million, declining by 12% over the previous year. The country’s exports of Coloured Gemstones too recorded marginal drop, falling from $20.71 million during December ‘14 to $15.76 million during December ‘15. Also, the exports of Pearls declined to $0.11 million in Dec ’15 from $0.30 million a year ago. The exports of Synthetic stones dropped heavily from $8.61 million in December 2014 to $2.93 million in December 2015.

India's export of gold medallions & coins jumped multi-fold during the month of December last year. The exports during the month totaled $23.19 million (Rs. 154.46 Crores). This is significantly higher when compared with the exports of $0.01 million (Rs. 0.04 Crores) recorded during the same month a year before. Meantime, export of Rough diamond from the country has declined marginally in December ‘15. The exports of Rough diamonds during the month totaled $99.64 million (Rs. 663.59 Crore).

The figures released by the country’s Export Promotion Council indicate that gold jewellery exports trended downwards in December when compared with November 2015. The exports of Colored gemstones recorded month-on-month decline. The export of gold medallions and coins export plunged during Dec ‘15 when matched with the previous month. Also, silver jewellery exports edged lower in comparison with the previous month.