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.”
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