India's Gems & Jewellery Exports: A Tale of Mixed Fortunes

India's gems and jewellery exports faced a decline in May, falling by 4.97% compared to last year, according to GJEPC data. Despite this, gold and silver jewellery exports experienced significant growth, showcasing the sector's resilience. GJEPC remains optimistic about the industry's long-term prospects.

India's gems and jewellery exports took a hit in May, declining by 4.97% year-on-year to Rs 20,713.37 crore, GJEPC data revealed.

In contrast, gold jewellery exports surged by 13.1% to Rs 5,507.71 crore, while silver jewellery exports increased to Rs 1,103.72 crore compared to the same period last year.

Despite a downturn in Cut & Polished diamonds, the GJEPC remains optimistic, highlighting the sector's resilience and long-term growth potential thanks to India's rich heritage and skilled workforce.

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