Page 58 - Diamond Digest :: July - August 2021 Issue
P. 58

 Global News & Views.....
the coming months. We are optimistic that our flagship show, IIJS Premiere in September and IGJS in Dubai in October would further improve the sentiment in the global market.” adds Colin Shah.
Cut & Polished Diamond exports have registered a growth of 60.98% to Rs. 16648.71 Cr (50.50% in dollar terms to US$ 2260.48 mn) in July 2021 as compared to Rs. 10342.25 Cr. (US$ 1501.97 mn) in July 2019.
Cut & Polished Diamond exports have recorded a growth 34.13% to Rs. 62390.23 Cr. (27.08% in dollar terms to US$ 8522.34 mn) during April 2021 to July 2021 as compared to Rs. 46515.91 Cr. (US$ 6706.03 mn) during April to July 2019.
“Continued recovery in key export markets like USA, China and Hong Kong, restocking of inventory etc. have been the major reasons for the positive export growth of diamonds.” adds Colin Shah.
Gold Jewellery Export is showing a decline of 25.99% to Rs. 5063.68 Cr. (decline of 31.45% in dollar terms to US$ 681.13 mn) in July 2021 as compared to Rs. 6841.85 Cr. (US$ 993.64 mn) in July 2019.
During the month of April 2021 to July 2021, Gold Jewellery export is showing a decline of 34.44% to Rs. 17844.99 Cr (decline of 38.46% in dollar terms to US $ 2415.33 mn) as compared to Rs. 27220.36 Cr. ( US$ 3924.61 mn) for the same period of April to July 2019.
Plain Gold Jewellery Export is showing a decline of 68.99%
to Rs. 6352.41 (decline of 70.93% in dollar terms to US $ 858.83 mn) April 2021 to July 2021 as compared to Rs. 20487.40 Crores (US$ 2954.12 mn) during the same period of April to July 2019.
Studded Gold Jewellery Export registered a growth of 70.69% to Rs. 11492.58 Crores (60.38% in dollar terms to US $ 1556.50 mn) during April 2021 to July 2021 as compared to Rs. 6732.96 Crores (US$ 970.48 mn) during the same period of April to July 2019.
Silver Jewellery Export is showing a growth of 184.22% to Rs. 6246.12 Cr. (166.03% in dollar terms to US$ 843.04 mn) during April 2021 to July 2021 as compared to Rs. 2197.61 Cr. (US$ 316.89 mn) in the same period of April to July 2019.
“Silver jewellery exports have continued to be buoyant on account of the exports of silver jewellery studded with diamonds and shift in preferences of consumers in international markets from expensive precious metal – gold base jewellery to relatively lower priced precious metal base i.e. silver.” Coloured Gemstone Exports is showing a decline of 11.71% to Rs. 637.47 Cr. (decline of 17.17% in dollar terms to US$ 86.14 mn) during April 2021 to July 2021 as compared to Rs. 721.99 Cr. (US$ 104 mn) during April to July 2019. However, after a continuous decline for several months, colour gemstone have shown positive export growth of around 40 % in July 2021 in comparison to July 2019.
Commodity wise G&J Exports– April – July 2021
in comparison with Pre-Covid level April –July 2019
 Commodities
A p r i l – J u l y 2 0 1 9
( U S $ m n )
A p r i l – J u l y 2 0 2 0
( U S $ m n )
A p r i l - J u l y 2021 (P)
( U S $ m n )
% G r o w t h / D e c l i n e 2 0 1 9 / 2 0 2 1
(Y-o-Y)
Cut & Pol Diamonds
6,706.03
2,720.12
8,522.34
27.08
Pol. Lab Grown Syn. Diamonds
120.90
77.74
368.72
204.96
Coloured Gemstones
104.00
31.50
86.14
-17.17
Pol. Synthetic Stone
0.07
0.07
0.21
211.21
Plain Gold Jewellery
2,954.12
117.75
858.83
-70.93
Studded Gold Jewellery
970.48
239.68
1,556.50
60.38
Silver Jewellery
316.89
508.92
843.04
166.03
Platinum Jewellery
2.63
1.24
7.05
167.7
Imitation Jewellery
5.25
3.39
12.58
139.45
Articles of Gold, Silver & others
188.45
57.38
15.75
-91.64
Others
466.41
117.24
278.77
-40.23
Gross Exports
1 1 8 3 5 . 2 5
3 8 7 5 . 0 4
1 2 5 4 9 . 9 2
6 . 0 4
                  57 • Diamond Digest • July - August - 2021 58 • Diamond Digest • July - August - 2021















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