GJEPC Posted 5% Surge in Gold Jewellery Exports

SEATTLE (Scrap Monster): The trade data published by the Gem and Jewellery Export Promotion Council (GJEPC) of India for the nine-month period of the current fiscal year (Apr ’19 to Dec ’19) suggests modest jump in value of gold jewellery exports by the country. Also, the country’s silver jewellery exports skyrocketed from the previous year.

The country exported $9,316.10 Million (INR 65,623.16 Crores) worth of gold jewellery until December 2019 this fiscal year. In rupee terms, the exports stood higher by more than 6%. The hike in dollar terms was 4.91%. The country’s gold jewellery exports had totalled only $8,880.39 Million (INR 61,838.35 Crores) in the corresponding nine months of the previous fiscal year.

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The monthly exports in December 2019 totalled USD 790.41 Million, which is marginally higher from the exports of USD 784.01 Million in December last year.

Meantime, the silver jewellery exports skyrocketed by 75% in Apr ’19-Dec ’19. The exports totalled USD 1,020.77 Million, upon comparison with the exports of $582.44 Million in the year-before period. In rupee terms, the exports surged higher from INR 4,105.74 Crores to INR 7,210.83 Crores. The country’s silver jewellery exports totalled $150.53 million in December 2019.