Commodities Buzz: Domestic Gems And Jewellery Exports Tumble 22% In April

Indias gems and jewellery exports declined 22% to $ 2.6 billion in April following demand slowdown in major markets including the UAE. Exports in April 2017 stood at $ 3.31 billion, the Gem and Jewellery Export Promotion Council (GJEPC) of India said. Major export destinations for the sector are Hong Kong, the UAE and the US. The three countries account for over 80% of the countrys total exports of gems and jewellery.