India kept Check & balances on Gem & Jewellery Import

 

Global scenarios have impacted India’s GJ exports 2024-2025 

India’s overall gross exports of Gem & Jewellery (GJ) remained at US$ 2582.97 million (Rs. 22340.89 crores) in the month of March 2025 is showing a growth of 1.02% (5.24% in Rs. term) as compared to US$ 2556.97 million (Rs. 21228.71 crores) for the same period previous year. 

The overall gross imports of Gems & Jewellery in India registered at US$ 1939.30 million (Rs. 16783.49 crores) in month of March 2025 is showing a decline of 7.20% (-3.26% in Rs. term) as compared to US$ 2089.76 million (Rs. 17349.51 crores) for the same period previous year.

Looking at the whole year’s activities for the period of April 2024 to March 2025, overall gross exports of Gems & Jewellery-India at US$ 28500.08 million (Rs. 241089.50 crores) is showing a decline of 11.72% (-9.82% in Rs term) as compared to US$ 32283.05 million (Rs. 267350.83 crores) for the same period previous year.  

Equally, at the Import front, for the period of April 2024 to March 2025, the overall gross imports of Gems & Jewellery at US$ 19610.97 million (Rs. 165819.35 crores) is showing a decline of 11.96% (-10.09% in Rs. term) as compared to US$ 22276.23 million (Rs. 184425.97 crores) for the same period previous year.  

“Looking at the available all the above export-import figures of India, the impression will remain continue that the global economy has their own weakness and over all that have impacted India’s GJ exports. Additionally, Geopolitical scenario creates uncertainty. Overall global power center is shifting, Areas of conflicts have created very thin & fragile line between war & peace, chaos & stability” said Nayan Jani, veteran GJ Media player at the fraternity.  

He added, “Yet, Indian players remained vigilant and have managed adequate balance between Export & Import and managed the inventory properly! For the period of April 2024 to March 2025, India’s exports decline of 11.72% and accordingly, Imports also declined 11.96% for the period of April 2024 to March 2025!”







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