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India’s gems and jewellery exports recorded a strong rebound in November, rising nearly 20 per cent to $2.5 billion, driven by higher shipments of diamonds and studded jewellery, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC).
Exports during the same month last year stood at about $2.1 billion. However, cumulative exports for the April–November period remained largely unchanged at $18.86 billion, compared with $18.85 billion a year earlier.
Exports of cut and polished diamonds increased significantly, reaching $919.74 million in November, up from $666.34 million in the corresponding period last year. Polished lab-grown diamonds also showed steady growth, with shipments rising 10.55 per cent to $76.09 million.
Gold jewellery exports, however, were impacted by price volatility and remained almost flat at $1.21 billion, marginally lower than $1.23 billion recorded a year ago. In contrast, studded gold jewellery exports surged to $828.89 million from $555.39 million, supported by strong demand for job work.
Exports of silver jewellery also saw a sharp jump, rising to $197.97 million from $63.99 million in November last year, aided by improved bullion availability.
GJEPC chairman Kirit Bhansali said export markets such as Hong Kong, China and the Middle East are showing signs of recovery, helping offset slower demand from the US. He added that the restoration of silver supply chains has also contributed to the recent surge in exports.
This article was originally published by the Franchiseindia.com. To read the full version, visit here 
