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HomeBusinessStone and jewelery exports up 29.67 per cent to Rs 23,259 crore

Stone and jewelery exports up 29.67 per cent to Rs 23,259 crore

Stone and jewelery exports up 29.67 percent

The export of gems (stone) and jewelery (jewellery) increased by 29.67 percent to Rs 23,259.55 crore in September, 2021. Gems and Jewelery Export Promotion Council (GJEPC) gave this information on Saturday. In the same month a year ago, this figure was Rs 17,936.86 crore. At the same time, in September 2019, gems and jewelery worth Rs 23,491.20 crore were exported.

Jewelery exports up by 134.55 percent

GJEPC said in a statement that in the first six months of April-September of the current financial year, the export of gems and jewelery increased by 134.55 percent to Rs 1,40,412.94 crore as compared to the same period of the previous financial year.

Business is returning to normal after the market opens

GJEPC Chairman Colin Shah said, “The gems and jewelery sector with exports of Rs 1,40,412.94 crore or $18.98 billion in April-September, achieved half (about 46 per cent) of the government’s target of $41.66 billion for the sector. has done. With the opening of the markets and gradually normalizing the demand, the sentiment of the industry is turning positive.

Expected to achieve export target by the end of the financial year

He said that now the festive season is coming. In such a situation, GJEPC hopes to achieve the export target by the end of the financial year. The export of cut and polished diamonds (CPD) grew by 122.62 per cent to Rs 91,489.2 crore in April-September, 2021. This was Rs 41,095.89 crore in the same period last year.

Gold jewelery exports up 262.66 percent in April-September

Similarly, gold jewelery exports increased by 262.66 per cent to Rs 29,379.36 crore from Rs 8,100.97 crore in April-September. Silver jewelery exports during this period grew by 48.25 per cent to Rs 9,477.39 crore as against Rs 6,392.65 crore in the year-ago period.

What are the prices of gold and silver

Gold prices on Thursday rose by Rs 455 to Rs 46,987 per 10 grams in the national capital Delhi. According to HDFC Securities, the reason for this is that there has been a strong trend of gold in the global markets. In the previous trade, gold had closed at Rs 46,532 per 10 grams.

Apart from this, silver also rose by Rs 894 to Rs 61,926 per kg. In the previous trade, silver was at Rs 61,032 per kg. In the international market, gold was trading higher at Rs 1,795 per ounce. And silver remained flat at $ 23.20 an ounce.

(with language inputs)

Also read- North Western Railway earned Rs 80.33 crore by selling junk, got 66 percent more revenue than last year

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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
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