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Israel-Hamas conflict may impact gems, jewellery trade: Exporters

Total gems and jewellery trade between India and Israel stood at USD 2.04 billion in 2022-23 as against USD 2.8 billion in 2021-22.

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Israel-Hamas conflict may hit gems, jewellery trade

The Israel-Hamas conflict is expected to impact the trade of gems and jewellery between India and Israel, exporters said on Monday. Colin Shah, MD, Kama Jewelry, said the war can adversely impact Indian exports to Israel. Total gems and jewellery trade between India and Israel stood at $2.04 billion in 2022-23 as against $2.8 billion in 2021-22.

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home textiles: Exporters of home textiles & furnishings worried about orders, margins getting hit

The recent attack by Hamas on Israel has raised concerns among Indian exporters of home textiles and furnishings. They fear that their orders may be deferred and their profit margins may be affected. While Israel is a small market, exporters have been enjoying higher margins of 10-15% compared to the US due to Israel s preference for cotton textiles over synthetic ones, resulting in limited competition from China.

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Israel-Hamas conflict may impact gems, jewellery trade: Exporters

Israel-Hamas conflict may impact gems, jewellery trade: Exporters
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RBI s status quo on rates to policy stance will give a boost to jewellery: Analysts, ET Retail

Mr Colin Shah, MD, Kama Jewelry said "RBI keeping policy rates intact is at par with the industry expectations. This pause amidst the onset of the festive season will give a much-needed boost to consumer buying sentiment, thereby propelling demand. The expansion recorded in urban consumption will further foster velocity in jewellery sales in Indian markets."

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