Mumbai, August 13
India’s gems and jewelry exports fell 38% in July from a yr in the past to $1.36 billion as shipments of lower and polished diamonds plunged due to the novel coronavirus, a commerce organisation stated on Thursday.
The trade was hit twice due to the coronavirus, with export orders evaporating after which a scarcity of staff attributable to a nationwide lockdown to cease the unfold of the virus.
India’s lower and polished diamond exports in July fell 39% from a yr in the past to $918.four million, the Gems and Jewellery Export Promotion Council (GJEPC) stated.
Thousands of staff employed in sprucing diamonds went again to their houses after the federal government imposed a nationwide lockdown to curb the coronavirus in late March and plenty of of them had but to return, stated Colin Shah, chairman of GJEPC. — PTI