During April 2023 to March 2024, the exports of gem and jewellery (GJ) experienced a notable decline of 14.94%, as reported by GJEPC. Overall gross exports of GJ amounted to USD 32,022.08 million compared to USD 37,646.17 million in the preceding year for the same duration. Specifically, in March 2024 alone, the total gross exports of GJ decreased by 11.85%, reaching USD 2,292.58 million compared to USD 2,600.86 million in March of the previous year.

In the same period, gross imports of GJ registered a decrease of 13.84%, standing at USD 22,267.839 million compared to USD 25,844.46 million in the previous year. However, in March 2024, gross imports marginally increased by 0.03%, totalling USD 2,071.68 million compared to USD 2,071.11 million in March of the previous year.

Cut and polished diamond exports experienced a substantial contraction of 27.58%, with a total value of USD 15,966.47 million.

Imports of rough diamonds during April 2023 to March 2024 witnessed a decline of 17.85%.

Provisional data shows that the gross export of polished lab-grown diamonds for April 2023 to March 2024 was USD 1,402.3 million, reflecting a decrease of 16.54% compared to USD 1,680.22 million in the previous year.

Total gold jewelllery exports for April 2023 to March 2024 stood at USD 11,140.780 million, indicating a notable increase of 16.79% compared to USD 9,538.84 million in the same period of the previous year.