Recently, India released fact-n-figure for export / import of Gem & Jewellery (GJ) for the period April 2023 – November 2023 as compared to same period last year. Gross Imports of rough diamonds at US$ 8793.90 million (Rs 72577.52 crores) in April 2023 – November 2023 have shown a decline of 24.74% (-21.57% Rs. term) compared with the imports at US$ 11684.5 million (Rs. 92541.43 crores) for previous year.
In volume terms gross Import of rough diamonds at 749.95 lakhs carats during April 2023 – November 2023 has shown a decline of 12.180% compared with the imports at 853.95 lakhs carats during previous year.
At the Polished Lab Grown Diamonds front, provisional gross export of Polished Lab Grown Diamonds for the period November 2023 registered at US$ 108.74 million (in Rs. 908.89 crores) shows growth of 3.16% (5.53% in Rs. term) over the comparative figure of US$ 105.41 million (Rs. 861.28 crores) for previous year.
Looking at the April 2023 – November 2023, provisional gross export of Polished Lab Grown Diamonds for the period totaled at US$ 941.1 million (in Rs. 7783.24 crores) shows decline of 23.35% (-20.12% in Rs. term) over the comparative figure of US$ 1227.77 million (Rs. 9743.28 crores) for previous year.
Provisional gross export of Coloured Gemstones for the period April 2023 – November 2023 reached at US$ 322.21 million (in Rs. 2665.13 crores) shows growth of 22.11% (27.42% in Rs. term) over the comparative figure of US$ 263.86 million (Rs. 2091.64 crores) for previous year.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Heera Zhaveraat (HZ International) A Diamond, Watch and Jewellery Trade Promotion Magazine provide dealers and manufactures with the key analytical information they need to succeed in the luxury industry. Pricing, availability and market information in the Magazine provides a critical edge.
