commodity tipsFutures tipmcx tipsStock advisory CompanyStock Market TipsTop 10 advisory company in Indore
Stock Advisory Company, today Diamonds News Update Imports of rough diamonds up by 11.11% to $15.5-bn...
On the other hand, imports of cut and polished diamonds have dipped by 12.91 percent to $1.8 billion during the same period
Imports of rough diamonds have increased by 11.11 percent to USD 15.53 billion during the April-January period of the current fiscal, according to Gems and Jewellery Export Promotion Council (GJEPC).
The imports had aggregated to USD 13.97 billion in the 10-month period of last fiscal, 2016-17. The inbound shipments of gold bars also rose by 18.2 percent to USD 4.37 billion during the April-January period of 2017-18.
However, imports of cut and polished diamonds dipped by 12.91 percent to USD 1.88 billion during the period under review as compared to USD 2.16 billion a year ago.
The GJEPC data further showed that exports of gems and jewelry declined by 4.71 percent to USD 27.5 billion during the period under review due to demand slowdown in major markets, including the US.
The labor-intensive sector contributes about 14 percent to the country's overall exports.
The drop in shipments is mainly due to negative growth in the export of gold medallions and coins.
The industry has asked for support in terms of increasing incentives under the Merchandise Exports from India Scheme (MEIS) to boost the shipments.
• We are offering 2 days free trial pack in all equity segments with the stock recommendation. So for that visit our site and fill a free trial >>> Stock Market Tips
0 comments
Note: only a member of this blog may post a comment.