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Gems, jewellery exports in FY24 dip by 12 17% to Rs 2 65 lakh cr: GJEPC

Gems and jewellery exports faced a decline of 12.17% to Rs 2,65,187.95 crore (USD 32,022.08 million) during the 2023-24 financial year compared to the previous year due to challenges like high interest rates in the US and a slow recovery in China. Cut and Polished diamonds exports decreased by 25.23%, while Polished Lab Grown Diamonds saw a provisional dip of 13.79% in the same period.

Gems, jewellery exports in FY24 dip by 12 17% to Rs 2 65 lakh cr: GJEPC, ET Retail

GJEPC: Gems and jewellery exports faced a decline of 12.17% to Rs 2,65,187.95 crore (USD 32,022.08 million) during the 2023-24 financial year compared to the previous year due to challenges like high interest rates in the US and a slow recovery in China. Cut and Polished diamonds exports decreased by 25.23%, while Polished Lab Grown Diamonds saw a provisional dip of 13.79% in the same period.

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