Cut and polished diamond exports from India witnessed 27% growth in the first half of 2021-22.

Mumbai: The cut and polished diamond exporters witnessed a whopping 27% growth in the first half of the fiscal year 2021-22, as per the data by the apex body, the Gems and Jewellery Export Promotion Council (GJEPC).

According to GJEPC’s data, the cut and polished diamond exports grew 27% to Rs 91,489 crore as compared to Rs 72,047 crore during April-September-2019. The export of polished diamonds in the current year has surpassed the pre-Covid levels.

During April-September-2021, the overall export of gems & jewellery recorded a growth of 11% to Rs 1,40,412 crore as compared to Rs 1,26,461 crore in the same period in 2019-20.

Colin Shah, chairman of, GJEPC said, “With Rs 1,40,412 crore worth of exports during April-September-2021, the sector has already achieved nearly half (46%) of the $41.66 billion G&J export target set by the Government of India. The International Gems and Jewellery Show (IIJS) Dubai was a major hit and that the industry players have received good feedback from the buyers and exhibitors, “

Shah added, “We are optimistic that the G&J exports would cross the target set by the government in 2021-22. We are receiving great support from the Ministry of Commerce and Industry to achieve our target of $75 billion in the next few years. Commerce Minister, Piyush Goyal has been lending an empathetic ear to exporters in pursuit of our mission to push export growth”

According to Shah, Piyush Goyal is spending several hours with the gems and jewellery exports to grasp the ground realities and hurdles faced by the sector. He (Goyal) visited the Surat Diamond Bourse (SDB) on September 17, attended the 37th edition of the IIJS show held in Bengaluru on September 18th, and that he was the first to visit the SEEPZ in Mumbai on September 23.

“During his visit to SEEPZ, Goyal announced the Rs 200 crore grant for upgrading the SEEPZ infrastructure and an additional Rs. 70 crore for developing an on-site Mega Common Facility Centre (CFC).  The Space Transfer Policy was also announced for the ease of doing business at SEZ, which accounts for 30% share in India’s total gems and jewellery exports” said Shah.

However, the export of gold jewellery remained unimpressive. During April-September-2021, gold jewellery exports declined 28% to Rs 29,379 crore as compared to Rs 41,103 crore for the same period in 2019.