According to preliminary data of Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) of India, the total volume of exports of the country's jewelry segment in February 2016 amounted to $ 3.91 billion, which is 1.8% above the year-ago figure to $ 3.84 billion.
The total volume of exports of gold jewelry (such as precious stones or without them) in February 2016 fell by 46% to $ 419 million, versus $ 785 million in the same period last year. Export of gold medallions and coins increased $ 436.4 million, versus $ 250.4 million a year earlier.
The export of silver jewelry from India increased in February to $ 413 million from $ 266.13 million a year earlier.
Exports of colored gemstones from India in February was $ 51.3 million versus $ 65.2 million in the same period last year.
In April 2016 - February 2017 (with the beginning of the tax period), total exports of India jewelry sector rose by 9.5% to nearly $ 39 billion, compared with $ 35.6 billion in the same period a year earlier.
In the same period, exports of gold jewelry (such as precious stones or without them) grew by 4.4%, to $ 8 billion, versus $ 7.65 billion a year earlier.
Export medallions and coins has not changed and amounted to $ 4.76 billion.
At the same time, export of silver jewelry from India increased by 23% in April-February 2017, to $ 3.35 billion, while exports of colored gemstones fell by 6, 8%, to $ 377.6 million.
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Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) organized the Indian Pavilion at the past in Hong Kong Hong Kong International Exhibition of diamonds, precious stones and pearls (Hong Kong International Diamond, Gem & Pearl Show), organized with 1 March 5, at the Expocentre AsiaWorld-Expo, Hong Kong and at the International jewelery Show (Hong Kong International Jewellery Show), which was held from 3 to 7 March at the Hong Kong exhibition and Convention center (Hong Kong Convention & exhibition Centre) , reports portal gjepc.org .
Two exhibition venues this year at the Indian pavilion will feature Indian diamond cutters and retailers ornaments. They will demonstrate a wide range of precious stones, diamonds and jewelry.
Meanwhile, 44 Indian companies have been able to present their products in several categories: "Massive jewelry," "Gold Jewelry", "Silver Jewelry".
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) said: "Hong Kong is an important market for the Indian industry of jewelry and precious stones Hong Kong is also the largest consumer of Indian jewelery and precious stones in the world, and because participation in these exhibitions become vital to the Hong Kong exhibition is.. one of the best in the industry, and caters for the key Asian markets. We are getting a huge response from both shows, and this is reflected in the export figures. "
Total exports of gems and jewelery from India to Hong Kong amounted to $ 12.35 billion (31% of total exports) in the 2014-2015 fiscal year. Last year, there was low demand for jewelry due to the slowdown in economic growth worldwide. Nevertheless, the exhibition like Hong Kong, support the revival of demand in the near future.
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