India's gem and jewellery exports fell 18.79% in August to $2.01bn, driven by weak global demand.

India's gem and jewellery exports fell 18.79% in August to $2.01 billion, driven by weak global demand amid geopolitical tensions. Rough diamond imports decreased by 22.58%, while exports of cut and polished diamonds dropped by 23.8%. Gold jewellery exports saw a slight decline of 1.15%. Industry experts anticipate a slowdown due to upcoming elections globally but expect demand to recover afterward.

September 23, 2024
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