JNI

India’s first-half GJ exports are down 23.37% year on year.

India’s overall gross exports of Gems & Jewellery (GJ) for the period of April-October 2023, reached at US$ 18249.31 million (Rs. 150694.25 crores) is showing a decline of 23.37% (-19.92% in Rs term) as compared to US$ 23814.0 million (Rs. 188183.9 crores) for the same period previous year.

The overall gross imports of Gems & Jewellery for the period of April-October 2023, registered at US$ 12531.106 million (Rs. 103424.06 crores) is showing a decline of 20.67% (-17.06% in Rs. term) as compared to US$ 15795.47 million (Rs. 124698.15 crores) for the same period previous year.

In the category of Gold Jewellery (Plain & Studded), its provisional gross export of total gold jewellery for the period of April-October 2023 halted at US$ 5561.350 million (Rs. 45951.71 crores), that shown a decline of 4.76% (-0.52% Rs. term) over the comparative figure of US$ 5839.32 million (Rs. 46190.41 crores) for previous year.

While provisional gross export of Plain Gold Jewellery for the period of April-October 2023 that jump at US$ 2930.46 million (Rs. 24217.78 crores) shown a growth of 20.46%(25.85% Rs. term) over the comparative figure of US$ 2432.71 million (Rs. 19243.48 crores) for previous year.

Provisional gross export all kinds of studded gold jewellery for the period of April-October 2023 slide to US$ 2630.89 million (Rs. 21733.93 crores) shown a dip of 22.77% (-19.35% Rs. term) over the comparative figure of US$ 3406.61 million (Rs. 26946.93 crores) for previous year

For the period of April-October 2023, silver jewellery category also follow the ongoing trend! Provisional gross export of silver jewellery for the period of April-October 2023, tumbled at US$ 825.31 million (Rs. 6824.87 crores) shows decline of 57.140% ( -55.15% Rs. term) over the comparative figure of US$ 1925.37 million (Rs. 15215.6 crores) for previous year. Provisional gross export of Platinum Jewellery for the period of April-October 2023 soar and registered the total US$ 96.31 million (Rs. 795.91 crores), that shown growth of 323.48% (341.58% Rs. term) over the comparative figure of US$ 22.74 million (Rs. 180.24 crores) for previous year.

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