The silver jewelery exports from India recorded a significant jump of 75.4% year-on-year to $1,459.87 million (Rs. 8,798.89 Crore) during the period from April 2013 to March 2014 while its gold jewelery tumbled by 32.99% year-on-year to $7,869.70 million, in accordance with the latest data released by the Gems and Jewelery Export Promotion Council (GJEPC).
According to GJEPC, country's cut and polished diamond exports during the previous fiscal year reached $19,635.04 million, surging higher by 25.47% over the previous year. The country’s export of coloured gemstones declined by 11.08% from $653.02 million during April 2012 to March 2013 to $519.47 million during April 2013 to March 2014. The exports of pearls almost doubled to $9.84 million from $4.79 million a year ago. The exports of synthetic stones too witnessed sharp rise of 53% from $51.98 million during previous fiscal to $79.44 million in FY14.
India's gold medallions and coin exports witnessed sharp cut, dropping to $3,176.22 million (Rs.19,203.58 Crore). The export of rough diamonds from the country jumped 11.19% during the fiscal. The total exports of rough diamonds during FY14 totaled $1,584.33 million (Rs. 9,553.12 Crore).
In brief, the figures released by the country’s Export Promotion Council demonstrate robust growth in exports of silver jewelery, whereas a sharp decline in exports of gold jewellery, gold medallions and coins during the twelve month period from April 2013 to March 2014.