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Gems, jewellery exports up 31% in October

Gems, jewellery exports up 31% in October
PTI
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First Published: Tue, Nov 23 2010. 04 20 PM IST
Updated: Tue, Nov 23 2010. 04 20 PM IST
Mumbai: India’s gems and jewellery exports shot up by 31% in October, 2010, to Rs12,979.19 crore ($2.92 billion) from Rs9,907.61 crore ($2.12 billion) in the corresponding period of the previous year, as per data provided by an industry body.
According to the Gems and Jewellery Export Promotion Council (GJEPC), exports of cut and polished diamonds stood at Rs9,170.72 crore ($2.06 billion) in October, up 31% compared to Rs7,013.86 crore in the same month of the previous year.
Overall shipments of gems and jewellery in the April- October period grew by 34.48% to Rs98,088.53 crore from Rs72,937.90 crore in the same period last year, the GJEPC said.
Exports of cut and polished diamonds jumped by 50% to Rs67,982.37 crore in April-October, 2010, from Rs45,363.48 crore in the same period of the previous year.
In addition, gold jewellery exports went up by 6% to Rs25,447.74 crore during the first 10-month of 2010 from Rs24,003.63 crore in the corresponding period of 2009.
However, exports of coloured gemstones declined by 9% to Rs725.88 crore during April-October, 2010, from Rs796.23 crore in the same period of the previous year.
Meanwhile, overall imports of gems and jewellery grew by 27% to Rs10,217.13 crore in October from Rs8,045.32 crore in the same month of the previous year.
Imports of cut and polished diamonds went up by 61% in the April-October, 2010, period to Rs44,076.97 crore from Rs27,388.59 crore in the same period last year.
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First Published: Tue, Nov 23 2010. 04 20 PM IST
More Topics: Gems | Jewellery | Exports | GJEPC | Shipments |