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India’s exports of cut and polished diamonds saw a double-digit increase in April to May 2021 mainly due to stable demand in the key jewellery markets of the US, China and Europe amid Covid-19.
Data from the Gem & Jewellery Export Promotion Council (GJEPC) showed polished exports were up 21 per cent to US$4.26 billion from US$3.5 billion in pre-Covid 2019 owing to manufacturers keeping pace with strong retail demand in top export markets.
Overall, gross exports of gems and jewellery in the first two months of fiscal year 2021-22 (April-May 2021) rose 4 per cent to US$6.31 billion from 2019.
Colin Shah,...
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