According to preliminary data of the Council to promote the export of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, the total volume of exports of jewelery segment of the country in July 2016 amounted to $ 3.08 billion, which is 5% higher than a year ago to $ 2 , 99 billion.
Exports of gold jewelry (such as precious stones or without them) grew by 8% in the reporting period, to $ 531 million, versus $ 492 million in the same period last year.
Export of silver jewelry from India remained virtually unchanged, amounting in July $ 338.6 million versus $ 340.8 million a year earlier.
Exports of colored gemstones from India in July was $ 20.14 million versus $ 20.8 million in the same period last year.
In April and July 2016 (from the beginning of the tax period), total exports of India jewelry sector rose by 9.5% to $ 13.67 billion, compared with $ 12.5 billion in the same period a year earlier.
In the same period, exports of gold jewelry (such as precious stones or without them) grew by 18.7%, to $ 2.97 billion, and medallions and coins exports fell to $ 1.48 billion.
At the same time, exports of silver jewelry from India in April-July 2016 rose to $ 1.31 billion, while exports of colored gemstones fell by 7.5% to $ 120.72 million.
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