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Gems & jewellery exports from India fall sharply in August

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In India the gems and jewellery industry is in a difficult period as the reduction in export volumes is increasing every month.

There was an 11 per cent fall in July, then a 14.44 per cent fall in August. The Gem and Jewellery Export Promotions Council’s provisional data shows that total gross exports have declined 8.92 per cent to $15.33bn.

But the Council’s officials said that with exports to the US had revived in August. Enquiries are now coming in from US and European customers and the industry hopes for good export business from these two markets during the Christmas season.