The overall gross exports of Gems & Jewellery in December 2024 stood at USD 1967.98 million (Rs. 16719.460 crores), showing a decline of 10.29% compared to USD 2193.82 million (Rs. 18269.7 crores) for the same period last year. This is due to the economic uncertainty looming in the market due to which buyers are leaning more towards the yellow metal as safe haven for investments rather than splurging on lifestyle.
Cut & Polished diamonds exports declined by 10.36%; imports declined by 64.1%in December 2024*Rough diamond imports declined by 22.1%*Polished Lab Grown Diamonds exports decreased by 5.48%*Gold Jewellery export declined by 3.56%*Coloured Gemstone exports declined by 11.5%
The overall imports of Gems & Jewellery for December 2024 stood at USD 1526.95 million (Rs. 12992.3 crores) showing a decline of 27.23% as compared to 2098.19 million (Rs. 17468.04 crores) for the same period last year.
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