India's Gem and Jewellery Export Trends: A Mixed Bag

In April, India's gems and jewellery exports showed a decrease of 4.62% to USD 2,037.06 million according to the Gem and Jewellery Export Promotion Council. This decline contrasts with exports of USD 2,135.7 million recorded in the same month the previous year.

The export of cut and polished diamonds fell notably by 6.12%, reaching USD 1,108.74 million compared to USD 1,180.99 million a year prior. Similarly, gold jewellery exports dipped by 5.41% to USD 684.51 million.

On the other hand, the export of coloured gemstones saw a positive growth of 11.95%, in stark contrast to the decline in silver jewellery exports which fell by 12.03% to USD 38.3 million. These figures paint a complex picture of India's gem and jewellery export sector.

(With inputs from agencies.)