Gems exports decline 3.7% in November
26 Dec 2012 5:44 AM IST
After declining about 20 per cent in October this year, India’s gems and jewellery outward shipments managed to check a sharp decline but still reported a 3.7 per cent drop at $2.78 billion in November.
Exports of items stood at $2.89 billion in November last year, according to the data provided by the Gems and Jewellery Export Promotion Council.
‘There is some improvement in demand from the US market. But the European market is still weak which is hitting our exports,’ an official of GJEPC said. The major markets for the country’s gems and jewellery include Europe, the US, the UAE. During April-November this year, gems and jewellery exports declined 12 per cent to $25.4 billion compared to the same period last fiscal.
Exports of items stood at $2.89 billion in November last year, according to the data provided by the Gems and Jewellery Export Promotion Council.
‘There is some improvement in demand from the US market. But the European market is still weak which is hitting our exports,’ an official of GJEPC said. The major markets for the country’s gems and jewellery include Europe, the US, the UAE. During April-November this year, gems and jewellery exports declined 12 per cent to $25.4 billion compared to the same period last fiscal.
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