Global diamond market is seized by uncertainties!

GJEPC India is attempting to add export destinations to mitigate fall! 

According to the available Gem & Jewellery exports of India for the period of November 2024 and cumulatively also for the period of April 2024 to November 2024, overall gross export of Cut & Polished diamonds at US$ 666.01 million (Rs. 5622.11 crores) in month of November 2024 is showing a decline of 39.81%(-39.010% in Rs. Term) as compared to US$ 1106.53 million (Rs. 9217.88 crores) for the same period of previous year. 

Global diamond market is seized by geopolitical uncertainties and economic weaknesses are capable enough to tumble cut & polished diamond exports of India. Although GJEPC India is attempting to add more export destinations to mitigate fall. Prudent leadership of the council is leaving no stone unturned in the sync of the ongoing government’s ease of doing business initiatives! 

The overall gross Imports of Cut & Polished diamonds at US$ 54.03 million ( Rs. 455.94 crores) in month of November 2024 is showing a decline of 79.63% (-79.37% in Rs. term) as compared to US$ 265.32 million (Rs. 2210.41 crores) for the same period of previous year.

The overall gross Imports of Cut & Polished diamonds in DTA at US$ 23.08 million (Rs. 194.81 crores) is showing a Growth of 2.16(3.5% Rs. term) as compared to US$ 22.59(Rs 188.22 crores) for the same period of November 2023.  

The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 30.95 million (Rs. 261.13 crores) is showing a Decline of -87.25(-87.09% Rs. term) as compared to US$ 242.73(Rs 2022.19 crores) for the same period of November 2023.  

Cumulatively, for the period of April 2024 to November 2024, overall gross Exports of Cut & Polished diamonds at US$ 8980.2 million (Rs. 75183.34 crores) is showing a decline of 18.88% (-17.8% Rs. term) as compared to US$ 11070.49 million (Rs. 91459.46 crores) for the same period of previous year. The overall gross Imports of Cut & Polished diamonds at US$ 894.26 million (Rs. 7488.87 crores) is showing a decline of 27.95% (-27.11% Rs. term) as compared to US$ 1241.18 million (Rs. 10274.36 crores) for the same period of previous year.  

The overall gross Imports of Cut & Polished diamonds in DTA at US$ 279.76 million (Rs. 2342.39 crores) is showing a Growth of 3.84 (5.26% Rs. term) as compared to US$ 269.41(Rs 2225.39crores) for the same period of April 2023 to November 2023.  

The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 614.5 million (Rs. 5146.47 crores) is showing a Decline of -36.77(-36.06% Rs. term) as compared to US$ 971.77(Rs 8048.97 crores) for the same period of April 2023 to November 2023.






 

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