Jewellery Exports: "Global geopolitical situation affected exports last fiscal. We are expecting the exports to improve in the second half of this year following festive demand in the US and Europe.
business bureauindia’s gems and jewellery exports are likely to improve in the second half of this financial year as the demand recovers in key export destinations, the gem and jewellery export promotion council (gjepc) said on thu
According to GJEPC data, the overall exports of cut and polished diamonds (CPD) showed a decline of 12.17 per cent at Rs 14,190.28 crore (USD 1723.17 million) in May compared to Rs 16,156.04 crore in the corresponding month of 2022.
In recent years, Russian jewellers have maintained a strong position in the domestic gold jewellery market with their own production by volume (in tonnes) at a level of at least 96% of the market. A correct assessment of the real dynamics.