GJ Town India

  Platinum exports grew over 29%, Coloured Gemstones tumbled < 2%    According to the trusted sources, Bharat’s gross imports of rough diamonds totaled at US$ 2262.21 million (Rs 19311.73 crores) in April 2025 - May 2025 have shown a decline of 5.46% (-3.2% Rs. term) compared with the imports at US$ 2392.87 million (Rs. 19949.36 crores) for previous year.    In volume terms gross import of rough diamonds at 196.57 lakhs carats during April 2025 - May 2025 has shown a decline of 1.810% compared with the imports at 200.19 lakhs carats during previous year.  Here is to read the caratage term, which is less than 2% means, this is the time to witness a surge in manufacturing activities where, demand is expected to grow during the festive season and up to December 2025. Yet, the gloomy global geopolitical scenario may be little more visible by the July end.    It is most likely to expect & witness the settling of the dust at the global ...

Indian Gems & Jewellery exports-Imports witnessed a contraction   According to data released by the Gems and Jewellery Export Promotion Council (GJEPC), the apex body for the Gems & Jewellery (GJ) Industry in India, the overall gross exports of Gems & Jewellery in July 2024, stood at USD 1665.4 million (Rs. 13922.03 crores) showing a decline of 23.28% compared to USD 2170.71 million (Rs. 17831.68 crores) for the same period last year.   The trend line for Indian gems & jewellery has been on a continuous downwards trajectory and this is majorly owing to the global unrest-induced dampening of consumer demand. With the looming uncertainty of unprecedented geo-political developments and its impact on global economy, consumer markets across the globe are taking cautious buying decisions.   In terms of the overall imports of Gems & Jewellery for July 2024, the sector has witnessed a decline of 16.59%, which stood at USD 1404.62 million (Rs. 11738...

  Jump high 27.45% reaching US$ 342.27mn in April   The export of plain gold jewellery continues to soar, marking a significant 27.45% increase, reaching USD 342.27 million in April 2024, compared to USD 268.56 million in the same month the previous year.   The overall exports of gems and jewellery declined 11.37% to USD 2074.85 million in April 2024, as compared to the same period the previous year. However, the total gross export of Gold Jewellery (both plain and studded) saw a promising 11.03% growth, reaching USD 718.34 million in April 2024 compared to USD 646.97 million in the same period the previous year.   Vipul Shah, Chairman of GJEPC, commented, “Plain gold jewellery has shown remarkable growth in exports, especially since the UAE Comprehensive Economic Partnership Agreement (CEPA). We are pleased that it continues to play a significant role in the gem and jewellery industry.  With the benefits expected from the Free Trade Agreement (FTA)’s sign...