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Gem and jewellery exports face downturn: FY24 witnesses 20.78% YoY drop amid global economic challenges, ET Retail

Gem And Jewellery Export Promotion Council: Gem and jewellery exports in FY24s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to global economic challenges and geopolitical factors. The import of gems and jewellery also saw a 22.43% YoY decrease. Notably, rough diamonds imports fell by 23.51%, while cut and polished diamond exports declined by 28.27%. Lab-grown diamonds, previously on the rise, experienced a 22.97% dip in gross exports. Despite the current setb...
United States Colin Shah Jewellery Export Promotion Council Jewellery Export Promotion Kama Jewelry Gem And Jewellery Export Promotion Council

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