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India's gems and jewellery exports rise 4% in Q1 FY18
Commodity Online | August 11 2017
UPDATED 16:45:46 IST

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India's gems and jewellery exports grew nearly 4% to $9.17 billion during the first quarter of the current financial year, driven largely by demand in major markets like the US.

In the April-June quarter of the last financial year, the sector's exports aggregated to $8.84 billion, according to the data from the Gems and Jewellery Export Promotion Council (GJEPC).

The rise in shipments was mainly supported by exports of Silver jewellery, and Gold medallions and coins.

Silver jewellery exports increased to $1.71 billion during April-June 2017-18, from $958.65 million a year ago.

Similarly, shipments of Gold medallions and coins registered a growth of about 42% to $1.51 billion during the period under review.

Gold jewellery shipments recorded a slight growth of 1.78% during the first three months of the current financial year.

Exports of cut and polished diamonds, coloured gem stones and rough diamonds also reported positive growth during the period.

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