Gems and jewellery exports grow by 12.32% in 2016-17

Posted by Daily Shipping Times on 28-04-2017        Tweet

MUMBAI: The gems and jewellery exports grew by 12.32 per cent to Rs 2,89,194.30 crore during 2016-17, compared to the previous year, as the markets in the US, Hong Kong and the Middle East picked up.

The total exports stood at Rs 2,57,463.66 crore during 2015-16, as per the data provided by the Gems and Jewellery Export Promotion Council (GJEPC). The export of cut and polished diamonds went up by 12.76 per cent at Rs 1,52,682.29 crore during FY17, compared to Rs 1,35,401.23 crore in the previous financial year. The gold jewellery exports grew by 4.14 per cent at Rs 58,464.42 crore compared to Rs 56,137.90 crore in the same period last year.