189%: Increase in India’s gems & jewellery exports in June 2020 over the previous month in value terms — from $570 million to $1,647.5 million.

Business Standard
16th July

189%: Increase in India’s gems & jewellery exports in June 2020 over the previous month in value terms — from $570 million to $1,647.5 million.

  • June saw some revival in the country’s export of gems & jewellery after a low in May and April (for which official data was not released).
  • However, on a year-on-year basis, the value of exports in June this year was 34.72 per cent lower than that in the same month last year.
  • During the April-June period of 2020, the value of India’s gems & jewellery exports stood at $2,750 million, 54.8 per cent lower than that in the same period last year.
  • Cut & polished diamonds accounted for 65 per cent of April-June exports — at $1,802 million during, or 49.7 per cent lower on a year-on-year basis.
  • Exports of gold jewellery and coloured gemstones in the quarter were lower by 79.1 per cent and 80.6 per cent, respectively, while those of silver jewellery were 93.2 per cent higher on a year-on-year basis.

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