GJ Import of India tumbles over 16% YoY

Feb 19, 2024

diamond neck illustrative 1According to the India’s Gem & Jewellery (GJ) export & import fact-n-figure for the period April 2023 – January 2024; the overall gross exports of Gems & Jewellery at US$ 26353.72 million (Rs. 218307.43 crores) is showing a decline of 16.03% (-12.78% in Rs term) as compared to US$ 31385.84 million (Rs. 250282.62 crores) for the same period previous year or say Year over Year (YoY).

The overall gross imports of Gems & Jewellery at US$ 17849.61 million (Rs. 147767.57 crores) is showing a decline of 16.92% (-13.8% in Rs. term) as compared to US$ 21485.66 million (Rs. 171415.2 crores) for the same period previous year.

At the Rough Diamonds front, gross imports of rough diamonds at US$ 11269.61 million (Rs 93174.50 crores) in April 2023 – January 2024 have shown a decline of 19.66% (-16.68% Rs. term) compared with the imports at US$ 14027.10 million (Rs. 111832.55 crores) for previous year.

In volume terms gross Import of rough diamonds at 985.39 lakhs carats during April 2023 – January 2024 has shown a decline of 7.46% compared with the imports at 1064.82 lakhs carats during previous year.

Provisional gross export of Polished Lab Grown Diamonds for the period April 2023 – January 2024 at US$ 1138.84 million (in Rs. 9428.04 crores) shows a decline of 20.55% (-17.54% in Rs. term) over the comparative figure of US$ 1433.48 million (Rs. 11433.12 crores) for previous year.

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On its 34th anniversary, Hari Krishna Group hosted Master Your Health at Nehru Centre, Worli, Mumbai, where Mr. Atul Shah, Founder of Ojas Life, shared insights on holistic wellness and preventive healthcare
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