India’s jewelery exports fell 9.07 percent to Rs 20.82 crore in April amid geopolitical tensions. & more related News Here

GJEPC Chairman Kirit Bhansali attributed the decline to external disruptions and said, “The decline in exports is mainly due to the ongoing conflict in West Asia, which has impacted exports across the world. Apart from geopolitical tensions, exports to the US, a major export market for the gems and jewelery industry, have also been affected as there is still no clarity on tariffs.”Segment-wise, exports of cut and polished diamonds fell 19.65 per cent to $890.91 million from $1,108.74 million a year ago. Exports of laboratory polished diamonds also declined by 15.53 percent to $93.28 million as compared to $110.43 million last year.Gold jewelery exports fell 21.77 per cent to $841.54 million from $1,075.67 million in the same period last year. Within this segment, plain gold jewelery exports witnessed a steep decline of 47.06 per cent from $644.33 million to $341.08 million, while studded gold jewelery exports increased by 16.02 per cent from $431.35 million to $500.46 million.In contrast, silver jewelery exports grew sharply, rising 444 per cent to US$ 268.38 million as compared to US$ 49.33 million in the same month last year.