SME Times is powered by   
Search News
Just in:   • Equity indices break two-day losing streak on value buying  • IMF urges Sri Lanka to tighten monetary policy  • Global semiconductor sales to reach $676 bn this year: Gartner  • Tinna Rubber hits upper circuit, investors accumulate 900% returns in year  • Availability of jobs in Japan improves for 1st time in 3 yrs 
Last updated: 26 Jan, 2022  

Jewellery.9.Thmb.jpg 71% jump in gems and jewellery exports

   Top Stories
» Net direct tax collection reaches highest-ever figure in FY 22
» Musk has to manufacture here to sell Tesla cars in India: Gadkari
» Round tripping of industrial inputs by large players unfavourable to local value chains
» Sitharaman engages investors in Silicon Valley
» Modi hails India's success in achieving target of $400 billion of exports
SME Times News Bureau | 25 Jan, 2022
India's exports of gems and jewellery shot up by a whopping 71 per cent during the first three quarters (April-December) of the current financial year, over the same period of the previous year.

The sector clocked $28.9 billion exports as compared to $16.9 billion during the same period in 2020. Compared to the same period before the Covid pandemic struck, the gems and jewellery sector registered a growth of 3 per cent over $28 billion achieved in April-December 2019.

In December 2021 alone, India exported gems and jewellery worth $2.99 billion, registering a growth of 16.38 per cent over $2.57 bn in December 2020.

With record exports already achieved during the first three quarters of the current financial year, the sector has already surpassed $26.02 bn exports registered during the last FY (2020-21) and is likely to better the previous high of $35.89 bn scaled during the FY (2019-20).

The gems and jewellery sector made up 9.6 per cent share of India's entire exports basket during the period (April-December 2021), accounting for the third largest commodity share, after engineering goods and petroleum products.

The top 5 export destinations in April-November 2021 were the US (38.7 per cent), Hong Kong (24.6 per cent), the UAE (11.9 per cent), Belgium (6.6 per cent), and Israel (3.9 per cent).

Gems and jewellery industry contributes about 7 per cent of India's total GDP and employs the largest skilled and semi-skilled workforce of more than 50 lakh workers. More than 450 organised jewellery manufacturers, importers, and exporters are based in Surat, making the Gujarat city the jewellery manufacturing hub of the world.
Print the Page
Add to Favorite
Share this on :

Please comment on this story:
Subject :
(Maximum 1500 characters)  Characters left 1500
Your name:

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 27 Apr, 2022
  Daily Poll
COVID-19 has directly affected your business
 Can't say
  Commented Stories
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter