India’s gems and jewellery exports experienced a decline of 4.62% in April, totaling $2,037.06 million, according to data from the Gem and Jewellery Export Promotion Council (GJEPC). This marks a decrease from $2,135.7 million in the same month of the previous financial year.
The export of ‘Cut and Polished’ diamonds saw a drop of 6.12%, amounting to $1,108.74 million in April, compared to $1,180.99 million a year ago. Gold jewellery shipments also faced a decline, falling 5.41% to $684.51 million, from $723.63 million in the same month of the previous year.
Exports of ‘Polished Lab Grown Diamonds’ remained nearly unchanged, with a modest growth of 0.41%, reaching $110.74 million, up from $110.29 million in April of the previous year. Silver jewellery exports experienced a significant fall of 12.03%, totaling $38.3 million.
On a positive note, exports of ‘Coloured Gemstones’ saw an impressive increase of 11.95%, reaching $27.76 million, compared to $24.8 million in April 2024.
Related Topics:
