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Silver Jewelry export growth in India outpaced gold in Dec 2014

The gold jewelry exports from India remained almost flat year-on-year at $ 554.45 million (Rs. 3,479.17 Crore) in Dec 2014 while its silver jewelry exports surged higher by 26.68% year-on-year to $148.49 million, in accordance with the latest data released by the Gems and Jewellery Export Promotion Council (GJEPC).
According to GJEPC, country’s cut and polished diamond exports in Dec ‘14 reached $1,451.75 million, increasing marginally by 1.33% over the previous year. The country’s exports of Coloured Gemstones surged by 10.82% from $19.15 million in Dec ‘13 to $20.94 million in Dec ‘14. The exports of Pearls too soared to $0.30 million from $0.08 million a year ago. The exports of Synthetic stones increased sharply by 16.35% from $7.40 million in Dec 2013 to $8.61 million in Dec 2014.
India’s export of gold medallions & coins during the month of December last year remained marginal at $0.01 million as compared with the exports of $1.31 million (Rs. 8.13 Crores) during the same month a year ago. The export of Rough diamond from the country scaled higher by 4.40% in December 2014. The exports of Rough diamonds during the month totaled $107.45 million (Rs. 674.25 Crore).

The figures released by the country’s Export Promotion Council demonstrate robust growth in exports of Silver Jewellery, Gemstones, Pearls, Gold Medallions and Coins during Dec ‘14.

Source:Scrap Monster

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