Recently, India announced, Gem & Jewellery (GJ) export for the period April 2023 – November 2023 as compared to same period last year. In the Cut & Polished (C/P) Diamonds category for the April 2023 – November 2023, the overall gross Exports of Cut & Polished diamonds at US$ 11063.62 million (Rs. 91455.94 crores) is showing a decline of 27.95% (-24.79% Rs. term) as compared to US$ 15355.09 million (Rs. 121602.56 crores) for the same period of previous year.
The overall gross Imports for the period April 2023 – November 2023 of Cut & Polished diamonds at US$ 1241.15 million (Rs. 10274.36 crores) is showing a growth of 31.51% (37.24% Rs. term) as compared to US$ 943.76 million (Rs. 7486.18 crores) for the same period of previous year.
The overall gross Imports for the period April 2023 – November 2023 of Cut & Polished diamonds in DTA at US$ 269.41 million (Rs. 2225.39 crores) is showing a Decline of -18.8 (-15.61% Rs. term) as compared to US$ 331.77(Rs 2636.97crores) for the same period of previous year.
The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 971.74 million (Rs. 8048.97 crores) is showing a Growth of 58.78(65.99% Rs. term) as compared to US$ 611.99(Rs 4849.21 crores) for the same period of previous year.
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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.
