GJ Town India

India's Jewellery Export Landscape: Divergent Trends in Gold, Silver, Platinum, and Gemstones from April to December 2023 According to the release figures of the gold jewellery export for the period of April 2023 to December 2023, India’s gold jewellery export is struggling to grow! In the Gold Jewellery (Plain & Studded) category show that the provisional gross export of total Gold Jewellery for the period April 2023 to December 2023, at US$ 7260.330 million (Rs. 60184.71 crores) shown a growth of 0.68% (4.77% Rs. term) over the comparative figure of US$ 7211.09 million (Rs. 57445.21 crores) for previous year. While provisional gross export of Plain Gold Jewellery for the period April 2023 to December 2023, at US$ 3953.99 million (Rs. 32797.13 crores) shown a growth of 28.12%(33.27% Rs. term) over the comparative figure of US$ 3086.25 million (Rs. 24608.79 crores) for previous year. Provisional gross export all kinds of Studded Gold jewellery for the period April 2023 to D

                  Gem and jewellery (GJ) exports witness a growth of 16.63% to                                                      US$ 3369.65 million in April 2021 as compared to                              US$ 2889.12 million in April 2019, the pre pandemic year                                          GJEPC seeks support from Government to continue                                                                             the momentum of GJ exports achieved over the last few months                                                          international markets are open and demand for GJ has started to come back                                                               however domestic challenges due to covid-19                                           second wave are hurdles in first half of the year!   Jewellery Market Bureau:  The Gem and Jewellery sector ha s witnessed a decent recovery in exports over the last few months, as demand is back in major export markets. In

India’s exports of Gem and Jewellery (GJ) products is expected to be encouraging in USA market during the upcoming Christmas time majorly backed by rising GDP growth, employment rate and private consumption expenditure in the country. This would be well in line with positive growth of India’s exports of cut and polished diamonds and gold jewellery to USA during the current FY2018 (April-October). India’s exports of cut and polished diamonds grew by around 22.10% (y-o-y) from US$4.45 billion recorded during April-Oct 2017 to US$5.43 billion in April-Oct 2018. Exports of gold jewellery to USA market also witnessed an impressive growth of 13.13% from US$867.87 million registered during April-October 2017 to US$981.85 million in April-Oct 2018. Since, Jewellery demand in USA has rebounded, India’s exports of G&J products are likely to grow further in the coming months also. Table -1 India’s Export of Cut & Polished Diamonds and Gold Jewellery to USA: Mon