Gems & Jewellery Exports Dip by 1.21% in FY 2014
Gems and jewellery exports fell by a marginal 1.21% to .` 2.10 lakh crore in 2013-14 due to sluggish shipment of gold ornaments, medallion and coins, industry body GJEPC said. India had exported .` 2.12 lakh crore worth of gems and jewellery in the previous year. “We could not export much of gold jewellery in 2013-14 because of government curbs on gold imports,” Gems and Jewellery Export Promotion Council chairman Vipul Shah said. He said GJEPC has sought relaxation in gold import duty to ensure adequate supply of the metal and help meet export demand for jewellery. Gold jewellery exports fell to .` 47,716 crore in 2013-14 from .` 71,295 crore in the year-ago period. Similarly, shipments of gold medallion and coins fell to .` 19,203 crore from .` 28,490 crore, exports of coloured gems stones declined to .` 3,136 crore from .` 3,543 crore in the review period.