Data released by India’s Gem & Jewellery Export Promotion Council (GJEPC) show that overall exports from the gem and jewellery industry dropped around 10% year-on-year in July 2019, reaching $2.22 billion.

Exports of cut and polished diamond exports fell 18.29% year-on-year to total $1.5 billion during the month, while gold jewellery (plain and studded) exports were down 5.78% to total $963 million in July. Rough imports during the month fell 34.24% to $1.1 billion. Imports of cut and polished diamonds declined 14.42% to $114.01 million. Exports of rough diamonds totalled $93.20 million in July 2019, compared to $99.97 million in July 2018.

Exports of silver jewellery rose significantly, totaling $85.81 million in July 2019, compared to $46.05 million in July 2018. Coloured gemstone exports fell slightly to $18.14 million, compared to $18.52 million exported during the same month a year earlier.