The world's top bullion consumer India's silver jewellery exports sky rocketed by 90.61% year-on-year to $137.54 million (Rs. 876.81 Crore) in September this year while its gold jewellery exports declined significantly by 45.84% year-on-year to $653.90 million.This is in accordance with the latest export statistics released by the Gems and Jewellery Export Promotion Council (GJEPC).
According to GJEPC, the country's cut and polished diamond exports in September reached $1,684.91 million, growing by 29.52% over the previous year. The exports of Colored Gemstones dropped marginally by 0.54% year-on-year.
India's gold medallions & coin exports have dropped sharply by 99.6% year-on-year to $1.52 million (Rs. 9.71 Crore). The export of Rough diamond from the country has declined by 8.53% in September. The total exports of Rough diamonds during the month totaled $123.66 million (Rs.788.32 Crore).
In short, the figures released by the Export Promotion Council suggest strong growth in exports of Silver jewellery and Cut & Polished diamonds and a sharp decline in exports of gold jewellery during September.