Letter: In a significant significant market sentiment, the gem industry and jewelry rose back to the pre-covid level registering the growth of 5.76% export between April and December 2021 to $ 29,084 million (RS 2,16,072.56 Crore) compared to $ 27,500, 85 Million (RS 1,93,587.67 Crore) for the same period in 2019.
Exports during the appropriate period in 2020 have witnessed the sauce at $ 16,487.64 million.
The sector also recorded exports growth of 29.49% in December 2021, compared to the same month in 2019.
December 2021 exports was $ 3,040.92 million (RS 22,914.63 Crore) against $ 2,348.44 million (RS 16,712.46 ) It reached two years ago.
Gold jewelry exports have recorded minor growth, but it is important – in a sector that has not recovered for a long time since the first wave of covid induced pandemic begins.
Against $ 775.36 million in 2019, exports in December 2021 touched $ 778.04 million, which previously fell to $ 502.5 million.
It should be noted that the export of gold jewelry between April and December 2019 was $ 9,270.94 million which fell to $ 3,065.88 million in 2020 and recovered to $ 6.915.21 in 2021.
The growth of 25.41% less compared to 2019 .
“India’s performance in the quarter was spectacular Crucial Year for the gems and jewelery industry.
Bounce vacations have managed to compensate for part of the post-diwali export slump when the plant usually rest a while,” said Colin Shah, Chairman, Gjepc.
“Holidays and strong festive requests in important trade centers including the US, Hong Kong, Thailand, and Israel.
And we have every reason to believe that this momentum will bring the end of FY 2022, bringing us closer to the target set at $ 41 , 67 billion in exports, “Shah added.