lucintaSa Jewelry News Sajn September 2022 By Isikhova Media
In November, India’s gem and jewelry exports decreased by 4.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an improvement from the previous yr. The Gem and Jewellery Export Promotion Council attributes the decline to produce disruptions and a voluntary halt in tough diamond imports as a result of geopolitical issues. GJEPC Chairman Vipul Shah anticipates further enchancment, citing heightened festival demand and expects FY24 exports to surpass the previous monetary year. Regional jewelry demand in the Middle East was 15% larger in 2022 at 190t. Sizable positive aspects in the UAE and Saudi Arabia had been key contributors…