CONNECT WITH US
eCommerce

eCommerce

India’s gem and jewellery exports up 9.43 per cent on-year in September

ET Retail – Ecommerce logo

Published on

Add as a preferred source on Google
India’s gem and jewellery exports up 9.43 per cent on-year in September

India’s gem and jewellery exports up 9.43 per cent on-year in September

In September, India's gem and jewellery sector saw a notable rise in exports, driven by a robust appetite for studded gold jewellery and lab-grown diamonds. Total exports climbed to $2.95 billion, showing resilience against global trade challenges.

Kolkata: India’s gem and jewellery exports rose 9.43 per cent year-on-year in September to $2.95 billion, led by a sharp surge in studded gold jewellery and polished lab-grown diamonds , even as cut and polished diamond exports continued to face pressure. The growth came despite elevated gold prices and an uncertain global trade environment. Exports stood at Rs 28,157.55 crore in September, up 18.24 per cent from Rs 23,813.91 crore a year earlier, according to data released by the Gem & Jewellery Export Promotion Council ( GJEPC ). For April-September, cumulative exports increased 3.07 per cent in dollar terms to $14.30 billion, while rupee-denominated exports grew 13.40 per cent to Rs 1.36 lakh crore. Advt

69 billion. The segment benefited from improved trade access under the India-UK trade agreement, reduced US tariffs and demand from markets such as Hong Kong, Singapore and France, GJEPC chairman Kirit Bhansali said. 62 million. 19 billion during the month. However, the surge in gold prices continued to weigh on plain gold jewellery exports over the six-month period. 44 a year earlier. 53 billion, reflecting subdued demand and challenging market conditions, particularly in the Middle East.



Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.