Gem & jewellery exports up in FY 2005-06, says GJEPC

13 Apr '06

2 min read

Gem & Jewellery Export Promotion Council (GJEPC) of India announced the performance figures for the Indian Gems & Jewellery Sector for FY 2005-06.

The Indian Gem and Jewellery industry has witnessed a growth of 6.32 percent with total gem & jewellery exports reaching US$ 16669.11 million (Rs73304.29 crores ) as compared to US$ 15678.14 million ( Rs70245.95 crores) in the same period last year.

The growth in the sector was primarily driven by the Cut & Polished Diamonds (CPD) segment, which witnessed a remarkable increase of 6.07 percent.

The export sales of CPD grew to USD 11860.49 million during FY 2005-06 from USD 11181.56 million in the corresponding period in FY 2004-05, while total volume of CPD were at 432.72 Lakh carats during FY 2005-06 as compared to 479.47 lakh carats in the corresponding period in FY 2004-05.

Gold Jewellery Exports registered a growth of 1.28 percent with exports recorded at US$ 3861.57 million in FY 2005-06 as compared to US$ 3812.88 million in FY 2004-05.

Colored Gemstones grew by 21.05 percent to USD 233.32 million in FY 2005-06 as compared to US$192.75 million in FY 2004-05.
Mr Bakul R Mehta, Chairman, GJEPC, said “Industry through its consistent efforts has shown immense fortitude and has managed to maintain its year on year growth of the total gem & jewellery exports.”

“The Gem & Jewellery Sector continues to be the frontrunner and highest contributor to the total value addition of the country, contributing US$3.5 billion in FY2006.”

Click here to see more details:

GJEPC is an all India apex body representing more than 6500 gem and jewelry traders from India. The Council is a non-profit organization involved in promoting the exports of the Gem & Jewellery sector.

The Gem & Jewellery Export Promotion Council

More Gem & Jewellery Export Promotion Council News... More Fashion News - India...