Jewellery exports in June 2019 decline by 16% YoY on slow demand from China and Gulf countries

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Gem and jewellery exports declined 16.26 per cent to $2,826 million during June 2019 from $3,375.17 million during the same month last year. Exports during the first quarter of FY20 declined by 10.38 per cent to $9.18 billion from $10.25 billion during the same period last year. Experts say that the trend seen in first quarter is […]

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Indian banks revise financing norms for gems and jewellery exporters

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Gem and jewellery exporters might see better news when the next financial year’s assessments for financing them are finalised. In the year since the Nirav Modi fraud came to light, all banks having tightened their financing to the sector. Many exporters had their lending limits cut. The Gem & Jewellery Export Promotion Council, been able to convince State Bank […]

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Indian jewellers see 10 per cent export growth in FY19 after a 5 per cent decline in FY18

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After a five per cent decline in FY18, jewellers believe there would be a 10 per cent jump in India’s gem and jewellery export for the current financial year, reports Business Standard. Gem and jewellery traders point to demand from new markets, depreciation of rupee against the dollar and increases in diamond prices as reasons for the optimism. […]

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