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Despite the overall positive performance in gold jewellery exports, the total export of Studded Gold Jewellery experienced a slight decline of 0.62 per cent, reaching USD 376.06 million.
Vipul Shah, Chairman, Gem and Jewellery Export Promotion Council said that the first half of 2023 was pretty slow for the sector, but after the India international jewellery show there is growing demand into the plain and studded gold segment
According to GJEPCs Vipul Shah, Indian exporters are struggling with demand and the reopening of China has also not provided the expected fillip.
Get latest articles and stories on Business at LatestLY. India's gems and jewellery exports witnessed a 27.17 per cent growth in September to Rs 30,195.21 crore (USD 3765.51 million) as compared to Rs 23,743.46 crore during the same month last year, data released by the Gem and Jewellery Export Promotion Council (GJEPC) showed. Business News | India's Gems, Jewellery Exports Rise 27 Pc in September.