The Hindu : 22 p.c. rise in gems and jewellery exports

Online edition of India's National Newspaper
Tuesday, Jan 21, 2003

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22 p.c. rise in gems and jewellery exports

By Our Staff Correspondent

MUMBAI JAN. 20. The gems and jewellery exports saw a jump of 22.15 per cent in calendar 2002 at $8.709 billion against $7.129 billion in the previous year, according to figures released by the Gem & Jewellery Export Promotion Council (GJEPC).

Diamond exports were up 21.2 per cent in dollar terms at $6.894 billion against $5.688 billion. The volume increase is recorded at 380.96 million carats (307.86 million carats).

Sanjay Kothari, chairman, GJEPC, said, "An upswing in the overall export may be attributed to a remarkable growth in the gold jewellery and diamond exports which have increased by 32.88 per cent and 21.2 per cent in the year".

The diamond sector has seen a significant increase in the total share of cut and polished diamonds in value terms, with India's share increasing from 55 per cent to 60 per cent in the global diamond market. For the year 2002, India exported $6.354 billion worth of cut and polished diamonds, up 20.81 per cent over last year's $5.259 billion.

Total gold jewellery exports grew by 32.88 per cent in dollar terms to $1.375 billion ($1.035 billion). However, the coloured gemstone sector saw a decline of 2.74 per cent in dollar terms to $185.52 million from $190.75 million.

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