Jewelery exports rise to Rs 24,240 crore, pre-Corona level

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MUMBAI: Demand for gems and jewelery is on the rise in world markets as India and the world economy rebound. In August, exports of gems and jewelery from India rose to pre-epidemic levels of Rs 40 crore, the Jewelery Export Promotion Council said in a report.

According to the council's data, exports of gems and jewelery stood at Rs 15,160.8 crore in August 2020, while total shipments in August 2017 stood at Rs 20,8.50 crore.

The council said in a statement that so far the year 2021-22 has seen a good improvement in the demand for gems and jewelery.

With the gradual opening up of markets, the removal of entry restrictions and the upcoming festive season, India's exports of gems and jewelery will continue to grow. Rs.

A number of positive factors, including strong demand in the US, China and some European countries to allay fears of corona, have contributed to the increase in exports of cut and polished diamonds. 4.5 crore.

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