Indian PM Jewelry Exports Zoom

Source: Commodity Online (6/16/11)

"India's gold and silver jewelry exports jumped by over 50% last month."

Commodity Online

India continues to lead the global jewelry export market for the hottest commodities—gold and silver. India's exports of gold and silver jewelry jumped by more than 50% for the month of May, 2011, according to figures released by the Gems and Jewelry Export Promotion Council.

According to the provisional statistics pertaining to the export of gem and jewelry for the period May 2011 as compared to same period last year, the overall exports of gems and jewelry at US$3,705.59M in month of May 2011 is showing a growth of 33.50%, compared to US$2,775.70M for the same period previous year.

The overall export of cut & polished diamonds at US$2,221.89M in the month of May 2011 is showing a growth of 23.52% as compared to US$1,798.84M for the same period of previous year.

The provisional export of gold jewelry and gold medallions & coins for the period May 11 at US$1,240.24M shows growth of47.16% over the comparative figure of US$842.77M May 2010.

The provisional export of silver jewelry for the period May 2011 at US$44.46M shows growth of 56.16% over the comparative figure of US$28.47M for May 2010.

The export of colored gemstones at US$26.99M shows a growth of 9.01% May 2011 as compared to US$24.76M for May 2010.

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