loader image
Connect with us

International News

Gems jewellery exports in April dip by 4.62 pc to USD 2037.06 millions

Published

on

1,998 views

India’s overall gems and jewellery exports dipped by 4.62 per cent to USD 2,037.06 million in April, as compared to the same month of the previous financial year, according to the Gem and Jewellery Export Promotion Council (GJEPC) data.

The country’s total gems and jewellery exports stood at USD 2,135.7 million in the same month of the previous year,     The overall export of ‘Cut and Polished’ diamonds declined by 6.12 per cent to USD 1,108.74 million in April, compared to USD 1,180.99 million in the same period a year ago.

The total shipment of gold jewellery witnessed a dip of 5.41 per cent at USD 684.51 million during the month under review, as compared to USD 723.63 million for the same period of the previous year.

Gross export of ‘Polished Lab Grown Diamonds’ in April was almost flat with a decline of 0.41 per cent at USD 110.74 million, over USD 110.29 million in the same month of FY25.
Silver jewellery exports in April too declined by 12.03 per cent at USD 38.3 million.However, exports of ‘Coloured Gemstones’ witnessed a growth of 11.95 per cent at USD 27.76 million, compared to USD 24.8 million in the same period of the previous year.

Continue Reading
Advertisement JewelBuzz Banner
Click to comment
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

International News

Gold prices climbed above $4,250 ahead US ISM Manufacturing PMI release

Published

on

1,819 views

US spot Gold prices climbed above $4,250 early Monday, touching a six-week high as investors turned cautious ahead of the upcoming US ISM Manufacturing PMI release. The yellow metal is poised for further upside momentum if it secures a sustained daily close above the crucial $4,250 resistance level.

The US Dollar opened December on a softer note, pressured by rising expectations that the Federal Reserve may announce a rate cut next week. Growing market confidence in easing monetary conditions has boosted the appeal of non-yielding assets such as gold.

Analysts note that a decisive break and close above $4,250 could reinforce bullish sentiment and pave the way for an extended rally in the days ahead. As global markets await fresh cues from the US economic calendar, gold continues to benefit from a favorable macroeconomic backdrop and robust safe-haven demand.

Continue Reading

Trending

JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

We would like to hear from you...

GET WHATSAPP NEWS ALERTS

0
Would love your thoughts, please comment.x
()
x