Diamond exports down about a third in December as demand declines in the US

Indias total exports of plain gold jewellery in December 2023 stood at Rs 4,983.6 crore, up 82.17% as compared to Rs 2,735.62 crore a year ago. However, exports of cut and polished diamonds fell 32% year-on-year during the month. The US accounts for almost 50% of the total diamond exports from India. In the first nine months of 2023-24, Indias total exports of cut and polished diamonds amounted to Rs 98,638.48 crore, down from Rs 1,32,075.49 crore a year ago.

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