Gems, jewellery exports dip 7% in Apr-Aug

摘要

Gems and jewellery exports have declined 7 per cent to USD 12.4 billion during April-August 2019-20 on account of slowdown in demand in major developed markets. According to data from the Gems and Jewellery Export Promotion Council (GJEPC), the value of exports stood at USD 13.4 billion in the year-ago period. The labour-intensive sector contributes about 15 per cent to the country's overall exports. The decline in shipments is mainly due to negative growth in the export of gold jewellery, coloured gem stones, and cut and polished diamonds.