The Indian gold jewelry exports plunged by over 38% year-on-year to $665.74 million (Rs. 4,157.57 Crore) in March 2015 while the country’s silver jewelry exports more than tripled year-on-year to $ 340.05 million (Rs. 2,123.62 Crore). This is in accordance with the latest official monthly data released by the Gems and Jewelry Export Promotion Council (GJEPC).
According to GJEPC, country's cut and polished diamond exports in Mar ‘15 touched $1,749.38 million, declining marginally by 10.37% over the previous year. The country’s exports of Coloured Gemstones dropped by 38.89% from $49.89 million during Mar ‘14 to $30.49 million during Mar ‘15. Also, the exports of Pearls dropped to $0.54 million from $3.82 million a year ago. The exports of synthetic stones almost doubled from $7.53 million in Mar 2014 to $13.41 million in Mar 2015.
India's export of gold medallions and coins during the month of March this year surged higher to $398.88 million as compared with the exports of $250.92 million (Rs. 1,530.89 Crores) during the same month a year ago. The export of rough diamond from the country declined sharply by nearly 15% in Mar ‘15. The exports of rough diamonds during the month totaled $155.52 million (Rs. 971.22 Crore).
The figures released by the country’s Export Promotion Council indicate that gold jewelry exports edged higher in March when compared with the previous month. Similar uptick was witnessed in exports of rough diamond, gold medallions and coins. Meantime, silver jewelry exports too jumped higher significantly by over 204% in comparison with the previous month.