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December 20, 2024India’s gem, jewellery exports drop 12.9% in November 2024
Prolonged geopolitical tension continues to remain a matter of concern for the Indian gems and jewellery industry, which has led to a slowdown in exports.
India’s gems and jewellery exports saw a decline of 12.94 per cent to $1,986.21 million (Rs 16,763.13 crore) in November 2024, as against Gems and jewellery exports in November 2023, which stood at $ 2,281.4 million.
Cut and polished diamonds export in November declined 39.81 per cent to USD 666.01 million compared to USD 1,106.53 million for the same period last year.
Exports of polished lab-grown diamonds during November declined 42.37 per cent to $62.88 million over $109.10 million for the previous year.
However, the plain gold jewellery exports grew 72.12 percent to $652.81 in November, as compared to $379.27 million in the same period of the previous year.
