Sharp rise in Indian diamonds, gems’ export to China

Consul General Prakash Gupta has emphasised that gems and jewellery were an important component of the trade basket with China.

By: PTI | Beijing | Updated: May 31, 2017 7:57 pm
Diamonds, volcanic eruptions, carbonised crystals, Pure carbon, carbon crystal, diamond formation, massive diamonds, Science, Science news India was the second largest exporter of gems, stones and diamonds to China with a total market share of 31.8 per cent. (Representational Image)

India’s diamonds, stones and gems’ exports to China grew by a massive 28.48 per cent to touch USD 2.48 billion last year, making the country second largest exporter to the burgeoning Chinese market, an official statement said today.

In the first quarter this year, Indian exports of diamonds, gems and stones amounted to USD 558 million capitalising a total market share of 33.8, Indian Consulate in Shanghai said. India was the second largest exporter of gems, stones and diamonds to China with a total market share of 31.8 per cent, it said.

The Consulate highlighted the figures during a road show held in Shanghai along with the Shanghai Diamond Exchange, (SDE) and Gems and Jewellery Export Promotion Council (GJEPCP) to promote Chinese companies participation at upcoming India International Gems and Jewellery Show (IIJS), to be held in Mumbai this year from July 27 to 31.

Speaking at the road show Lin Qiang, President of SDE said his organisation would actively consider participating at the IIJS 2017 with a large delegation from eastern China region.

Consul General Prakash Gupta has emphasised that gems and jewellery were an important component of the trade basket with China and the Consulate would take all necessary steps to facilitate Chinese industry’s participation at the upcoming IIJS, it said in a statement.

IIJS 2017 event will showcase two separate events, one focusing on the gems and jewellery sector, while the other will display machinery and equipment related to the diamonds and jewellery industry.

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