Gem & Jewellery Trade Report: Key Insights on Export & Import Trends Amid Market Fluctuations
The gem and jewellery trade experienced significant changes in both exports and imports amidst market fluctuations. According to GJEPC, exports decreased by 14.94% in April 2023 to March 2024, amounting to USD 32,022.08 million.
Specifically, March 2024 saw a decrease of 11.85%, reaching USD 2,292.58 million. Imports declined by 13.84% to USD 22,267.839 million, with March 2024 showing a marginal increase of 0.03%. Cut and polished diamond exports contracted by 27.58%, totaling USD 15,966.47 million, while rough diamond imports decreased by 17.85%.
Polished lab-grown diamond exports dropped by 16.54% to USD 1,402.3 million. Gold jewellery exports notably increased by 16.79%, reaching USD 11,140.780 million in the same period.
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