Gems, jewellery exports lose shine this fiscal

Overall short domestic gems & jewellery demand is expected to remain tepid as credit restrictions by banks, geopolitical tensions would continue impacting the sector, a Care Ratings

$25.44 bn – 7.1% on-year drop in gems and jewellery exports during Apr-Jan period

$21.82 bn – 16.1% on-year decline in imports during 10 month period

$2.6 bn – 5.1% y-o-y rise in exports during January 2019

$1.6 bn – 30.4% y-o-y decline in imports in January

32% – surge in gross exports of gold jewellery last month

16% – drop in gross exports of cut and polished diamonds