New Delhi : Gems and jewellery exports rose by over 36% to $1.8 billion in May from $1.3 billion in the same period last year, the Gem and Jewellery Export Promotion Council has said.
The bulk of shipments were gold jewellery, which increased almost 50% at $416 million, compared to $278 million during May 2007, a Gem and Jewellery Export Promotion Council (GJEPC) data revealed.
Gold jewellery is largely exported to the US and UAE.
A significant rise in demand from Hong Kong pushed exports of cut and polished diamonds by 42% at $1.2 billion, while rough diamonds also spiked at $51.64 million, it said.
According to data, India shipped 32.87 lakh carats of cut and polished diamonds and 25.60 lakh carats of rough diamonds.
Coloured gems, mainly exported to the US and Thailand, increased by 48.46 per cent to $34.13 million last month.
Meanwhile, exports during the first two months of the current financial year stood at $3.5 billion, up by 33.27% from the previous year. During 2007-08, gems and jewellery shipments stood at $20.88 billion dollars.