Plain gold jewellery exports increased by 27.45% in April 2024, reaching $342.27 million. The growth in plain gold jewellery exports has been significant compared to studded gold jewellery. Platinum jewellery exports also saw growth in April 2024. Vipul Shah, chairman of GJEPC, highlighted the positive impact of UAE CEPA on jewellery exports and expressed optimism for further growth with FTAs signed with UAE, Australia, and EFTA. Measures are being taken to boost exports through promotion plans and collaborations with NDC and WGC.
The export of plain gold jewellery increased by 27.45% to USD 342.27 million in April 2024. Studded jewellery exports are positive, but cut & polished diamond exports declined. Anticipated growth in diamond and silver jewellery exports is expected post FTAs with UAE, Australia, and EFTA.
Industry experts and insiders are closely monitoring the impact of the potential divestment and demerger of De Beers by its largest stakeholder, Anglo American. The sale is expected to attract significant interest from investors worldwide, considering De Beers' dominant position in the global diamond market and iconic brand status. The future ownership structure and implications of the divestment are under close scrutiny by industry analysts.
De Beers Demerger: Industry experts and insiders are closely monitoring the impact of the potential divestment and demerger of De Beers by its largest stakeholder, Anglo American. The sale is expected to attract significant interest from investors worldwide, considering De Beers dominant position in the global diamond market and iconic brand status. The future ownership structure and implications of the divestment are under close scrutiny by industry analysts.