He said: “In our meetings with the government, officials have assured us that they would look into the issues and address our concerns through periodical reviews.”
Cut and polished exports in June were down 46.91 per cent YoY to $898.32. For the quarter, the fall was 49.68 per cent, to $1,801.71 million.
Gold jewellery exports in June were down 40.72 per cent YoY to $237.05 million; for the quarter, the decline was 79 per cent to $1,536.57 million.
The overall import of gems and jewellery between April and June this year was worth $915.14 million, 74.81 per cent less than $3,632.87 million reported in the corresponding period a year ago.
The import of rough diamonds the April-June 2020 period fell 82.70 per cent to $481.65 million, from $2,784.13 million a year ago. This has helped clear inventory with diamond polishers, but voluntary closure of diamond polishing units in Surat (until July 19) in view of rising Covid-19 cases may affect the industry in the short term.
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