New Delhi: The country's gems and jewellery exports fell 34.72 per cent to $ 1.64 billion (about Rs. 12,333 crore) in June due to global demand due to the global epidemic coronavirus crisis. The Gems and Jewellery Export Promotion Council (GJEPC) has given information in this regard. In June last year, the country's gem-jewellery exports had recorded $ 2.52 billion, or Rs 18,951 crore, in June.

The sector accounts for 15 percent of the country's total exports. Due to the workmanship of the hand, it is a large area employing people. GJEPC chairman Colin Shah has imposed various types of bans since the outbreak of the Corona infection. Due to the economic slowdown at the global level, there is a continuous decline in the demand for gem-jewellery and exports. However, demand is improving back in China, Europe and Australia.

In the first quarter of the current fiscal, exports fell by 54.79 per cent to $ 2.75 billion. It had exported $ 6.07 billion in the April-June quarter of the previous fiscal year 2019-20. During this period, gold jewellery exports fell by 79 percent to $ 32.12 million. While exports of coloured gems declined by 80.56 percent.

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