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India Gold Jewellery exports climb to $867 million in Jan

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MUMBAI (Scrap Register): India's Gold jewellery exports totaled $866.99 million in Jan ’19. This compares with the exports of $655.05 million in Jan ’18, thereby translating to a year-on-year increase of 32.35%, according to Gem & Jewellery Export Promotion Council (GJEPC) data.

The combined exports during the first ten months of the fiscal, from Apr ’18 to Jan ’19, totaled $9,845.66 million, considerably higher by over 27% year-on-year. India had exported only $7,746.72 million worth of Gold jewellery during corresponding ten-month period during the previous fiscal.

The exports of Costume & Fashion jewellery by the country recorded marginal growth in Jan ’19. The exports, at $5.57 million, were 3.15% higher than Jan ’18. The exports during the ten months from Apr ’18 to Jan ’19 too were up by almost 8% from $51.68 million in Apr ’17-Jan ’18 to $55.75 million.

Meantime, the silver jewellery exports continued to exhibit declining trend in January 2019. The monthly exports plunged heavily by nearly 29% from $146.73 million in Jan ‘18 to $104.38 million in Jan ’19. The exports during Apr ‘18-Jan ’19 declined sharply by almost 79% over the previous year.

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