According to the available fact-n-figures of GJEPC, the overall gross exports of Gems & Jewellery ( GJ) at US$ 2748.01 million (Rs. 22873.190 crores) in the month of October 2023 is showing a decline of 12.34% (-11.49% in Rs. term) as compared to US$ 3134.85 million (Rs. 25843.84 crores) for the same period previous year.
The overall gross imports of Gems & Jewellery at US$ 1723.27 million (Rs. 14342.01 crores) in month of OCT 2023 is showing a growth of 17.81% (19.24% in Rs. term) as compared to US$ 1462.76 million (Rs. 12027.95 crores) for the same period previous year.
At the Cut & Polished Diamonds front, the overall gross export of Cut & Polished diamonds at US$ 1260.91 million (Rs. 10495.06 crores) in month of October 2023 is showing a decline of 33.33%(-32.70% in Rs. Term) as compared to US$ 1891.2 million (Rs. 15594.49 crores) for the same period of previous year.
The overall gross Imports of Cut & Polished diamonds at US$ 196.5 million (Rs. 1635.47 crores) in month of October 2023 is showing a growth of 98.07% (100.1% in Rs. term) as compared to US$ 99.21 million (Rs. 817.34 crores) for the same period of previous year.
The overall gross Imports of Cut & Polished diamonds in DTA at US$ 40.75 million (Rs. 339.17 crores) is showing a Growth of 23.0(24.25% Rs. term) as compared to US$ 33.13(Rs 272.97 crores) for the same period of October 2023.
The overall gross Imports of Cut & Polished diamonds in SEZ at US$ 155.76 million (Rs. 1296.3 crores) is showing a Growth of 135.7(138.13% Rs. term) as compared to US$ 66.08(Rs 544.37 crores) for the same period of October 2023.
Polished Lab Grown Diamonds basket’s show, the provisional gross export of Polished Lab Grown Diamonds for the period October 2023 at US$ 136.38 million (in Rs. 1135.16 crores) shows decline of 23.69% (-23.01% in Rs. term) over the comparative figure of US$ 178.73 million (Rs. 1474.38 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.
