According to the available India’s Gem & Jewellery (GJ) exports for the month of December 2024, India’s overall gross exports of Gems & Jewellery at US$ 1967.98 million (Rs. 16719.460 crores) in the month of December 2024 is showing a decline of 10.29% (-8.49% in Rs. term) as compared to US$ 2193.82 million (Rs. 18269.7 crores) for the same period previous year.
The overall gross imports of Gems & Jewellery at US$ 1526.95 million (Rs. 12992.3 crores) in month of December 2024 is showing a decline of 27.23% (-25.62% in Rs. term) as compared to US$ 2098.19 million (Rs. 17468.04 crores) for the same period previous year.
While looking at the April 2024 to December 2024, India’s overall gross exports of Gems & Jewellery at US$ 20820.48 million (Rs. 174612.61 crores) is showing a decline of 10.9% (-9.68% in Rs term) as compared to US$ 23367.58 million (Rs. 193325.19 crores) for the same period previous year.
On the other hand, India’s overall gross imports of Gems & Jewellery at US$ 14564.581 million (Rs. 122129.05 crores) is showing a decline of 6.72% (-5.4% in Rs. term) as compared to US$ 15614.22 million (Rs. 129104.3 crores) for the same period previous year.
All those available figure suggest that both, Import & Exports are registering lower to the Year over Year! In the row, commenting on the same, Colin Shah, MD, Kama Jewelry said, “The geo-political tension has been acting as a major deterrent for the trade activities.
However, the ceasefire deal between Israel and Hamas comes as a major relief for the entire globe, which will pave the path for both the countries to come to a truce. Hence, we hope to see gradual rebound in trade activities in the upcoming months.”
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.
