Ind-Ra predicts negative outlook for diamond exporters in FY18
The Dollar Business Bureau India Ratings and Research (Ind-Ra) on Friday said that it has kept a negative outlook on the cut and polished diamond exporters and a stable one on the organised jewellery retailers for the financial year 2017-18. According to the World Gold Council (WGC), the demand for gold jewellery in India fell steeply by 22% year-on-year to reach a 7-year low of 522 MT in 2016. The demand was severely impacted due to several events that occurred last year like country-wide strikes by jewellers and the severe cash crunch due to the withdrawal of 500 and 100 rupee notes by the Government. After a four-month disruption on both supply and demand side, the decline in consumers demand was led due ...
Indias gold jewellery exports shine in September; up 36% y-o-y
The Dollar Business Bureau | @TheDollarBiz India’s total gems and jewellery exports of around $34.9 billion in FY2013-14 accounts for around 11% of India’s total merchandise exports in the year After the decline seen last year, India’s exports of diamonds and gold jewellery are expected to rebound in FY2014-15 with exports of these items recovering significantly in September 2014. India’s exports of Cut & Polished (C&P) diamonds in the first six months of FY2014-15 have reached $12.08 billion, which is slightly down from exports worth $12.4 billion recorded in April-September 2013. However, exports of C&P diamonds in September 2014 increased to around $2.66 billion, up about 11.2% from $2.39 billion recorded in same month last year, according to Gem & ...
