Diamond exports see 23% rise despite Covid

Tribune News Service

Updated At : 02:43 PM Jan 22, 2022 IST

Unlock Exclusive Insights with The Tribune Premium

Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only Benefits

Yearly Premium ₹999 ₹349/Year

Yearly Premium $49 $24.99/Year

New Delhi, January 21

Despite Covid striking at intervals in most of its exports destinations, outbound shipments of cut and polished diamonds in April-December 2021 grew by 23% to $18 billion. Gold jewellery exports too rose by 25.41% to $6.91 billion, said the Gem and Jewellery Export Promotion Council (GJEPC).

The prime reason for the diamonds retaining their allure during the worldwide economic downturn was holiday and festive demand remaining robust. Overall, gems and jewellery exports grew by 5.76% to $29.08 billion during the first nine months of the current fiscal, the GJEPC said.

“The demand was robust in important trading centres and we have every reason to believe that this momentum will carry through the end of FY22, bringing us closer to the target of $41.67 billion in exports,” said GJEPC chairman Colin Shah.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD

Unlock Exclusive Insights with The Tribune Premium

Suggested Articles