Gems & Jew­ellery Ex­ports Dip by 1.21% in FY 2014

The Economic Times - - Economy -

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.

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