Indian gem and jewellery exports witness a growth of 12.28% during April 2021 to Jan 2022

The Indian gem and  jewellery export sector has shown quick recovery post the pandemic with exports so far accounting for Rs. 2.4 lakh crores, a 12.28% growth (in dollar terms 6.5% growth to US$ 32.37 billion) during April 2021 to January 2022 as compared to Rs. 2.14 lakh crore (US$ 30.40 billion) during the same period in April 2019 to January 2020.

Among the Top 10 gem and jewellery export destinations, UAE has witnessed the highest fall of 41.50% followed by Belgium 15.81%, Japan 12.20%, and Hong Kong 3.06% during April 2021 – January 2022 as compared to April 2019 – January 2020.

Some verticals of Indian gems and  jewellery exports have shown significant recovery during April 2021 – January 2022 and are listed below.

During the month of January 2022, the overall gross exports of gems and  jewellery at Rs. 24426 crores is showing a growth of 18.24% (13.23% in dollar terms to USD 3281.63 million as compared to Rs. 20658.85 crores (US$ 2898.08 million) for the same period of 2020.

During April 2021 to Jan 2022, the overall gross exports of cut and  polished diamonds at Rs. 149001 crores is showing a growth of 29.59% (22.94% in dollar terms to US$ 20057.49 million as compared to Rs. 114980 crores (US$ 16315.37 million) for the same period of April 2019-January 2020.

In January 2022, cut and  polished diamond exports at Rs. 15261 crore is showing a growth of 29.81% (24.32% in dollar terms to US$ 2050.25 million) as compared Rs. 11756 crore (US$1649.13 million) in January 2020.

Gold jewellery exports from April 2021 to January 2022 declined 20.11% to Rs. 57109.73 crore (declined 24.24% in dollar terms to US $ 7680.96 million) as compared Rs. 71483.72 crore (US$ 10130.38 million) from April 2019 to January 2020. Gold jewellery exports in January 2022 declined 8.79% to Rs. 5639.06 crore (12.64% in dollar terms to US$ 757.81 million) as compared to (Rs. 6182.79 Crore (US$ 867.45 million) in January 2020.

Plain gold jewellery exports from April 2021 to January 2022 declined 53.52% to Rs. 23782.82 crore (55.95 % in dollar terms to US $ 3198.47 million) as compared to Rs. 51171.65 crores (US$ 7261 million) from April 2019 to January 2020.

Studded gold jewellery exports from April 2021 to January 2022 grew 64.07% to Rs. 33326.91 crore (55.78 % to US $ 4482.49 million) from Rs. 20312 crore (US$ 2877.39 million) from April 2019 to January 2020.

Silver jewellery exports from April 2021 to January 2022 grew 90.30% to Rs. 16300.92 crore (81.05% to US$ 2192.26 million) as compared to Rs. 8565.88 crore (US$ 1210.87 million) from April 2019 to January 2020.

Coloured gemstone exports in April 2021 to January 2022 declined 6.62% to Rs. 1909.90 crore (declined 11.23% to US$ 257.04 million) as compared to Rs. 2045.35 crore (US$ 289.55 million) from April to December 2019.