GJ Town India

Silver Jewellery exports also grew 22.47% for April-May   India's gems and jewellery (GJ) sector continues to demonstrate resilience and growth, as highlighted by the latest export performance data for the period of April to May 2024. The overall gross exports of Gems & Jewellery during this period amounted to US$ 4691.58 million (Rs. 39123.07 crores), showcasing a commendable performance.   While this reflects a slight decline of 5.94% (-4.56% in Rs. term), the sector's ability to maintain such significant figures amidst global economic fluctuations underscores its stability and adaptability. In specific segments, while Cut & Polished Diamonds experienced a decline of 15.54% to US$ 2627.09 million (-14.32% to Rs. 21906.44 crores), other categories such as Gold Jewellery (Plain & Studded) and Silver Jewellery witnessed remarkable growth.   Commenting on the performance, Vipul Shah, Chairman, GJEPC said, "India's gems and jewellery sector has shown rem

GJ export declines over 12% for February 2024! According to the sources, India’s Exim (Export-Import) for gem & jewellery tumbles equally over 15% for the period of April to February 2024. India’s overall gross exports of Gems & Jewellery (GJ) registered at US$ 3046.84 million (Rs. 25274.640 crores) in the month of February 2024 is showing a decline of 12.66%  (-12.34%in Rs. term) as compared to US$ 3488.51 million (Rs. 28832.86 crores) for the same period previous year.  The overall gross imports of Gems & Jewellery at US$ 2261.8 million (Rs. 18765.3 crores) in month of February 2024 is showing a growth of 1.12% (1.6% in Rs. term) as compared to US$ 2236.72 million (Rs. 18470.62 crores) for the same period previous year.  India’s overall gross exports for the period of April 2024 – February 2024, of Gems & Jewellery at US$ 29606.8 million (Rs.245132.66 crores) is showing a decline of 15.31% (-12.39% in Rs term) as compared to US$ 34958.91 million (Rs. 279806.68 crores)