GJ Town India

The UAE rose to 107.2% in FY 2023-24 Emerged as a significant market for India exports!   For the FY 2023-24, exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23. Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.    The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year. Markets of UAE & Bahrain accounted for over 85% of India’s plain gold jewellery exports.    Australia also witnessed a growth of 37% in plain gold jewellery exports attributing its growth to the India-Australia ECTA.  Speaking about the increase in plain gold jewellery exports, Vipul Shah, Chairman, GJEP

Cut & Polished diamonds export grew 32% in February! India’s gem and jewellery (GJ) exports witnessed a resurgence in February, buoyed by of both the Chinese and Middle East markets. In February 2023, the overall gem & jewellery exports witnessed a surge of 24% to Rs 28832.86 crores as compared to Rs 23326.80 crores for the same period last year. In February 2023, the overall gross export of Cut & Polished diamonds witnessed a strong growth of 32% to Rs 19582.38 crores as compared to Rs 14841.90 crores in February 2022. For February 2023, the total gross export of Gold Jewellery (Plain & Studded) grew 29.89% to Rs 5829.65 crores as compared to Rs 4488.30 crores for the same period last year.    Commenting on the surge in exports experienced during the month of February Vipul Shah, Chairman, GJEPC said, “GJEPC is excited about the strong pace of demand observed by Indian exhibitors at the recent Hong Kong show, which revealed the untapped demand in the Chinese market.  I