India gems & jewellery exports slip 2.49% to $2.05B in May as plain gold jewellery craters 14.75%
GJEPC data shows May exports at USD 2,047.80M, dragged by plain gold jewellery (-14.75% to $758.44M) amid a 45.69% YoY gold price surge and tight import supply. Studded gold (+1.79%), cut & polished diamonds (+3.31%), lab-grown diamonds (+25.99%) and silver jewellery (+14.73%) cushioned the decline.
India's gems and jewellery exports fell 2.49% YoY in May to USD 2.05B, dragged by a 14.75% drop in plain gold jewellery amid record gold prices and tight import availability. Studded gold, diamonds, lab-grown diamonds and silver jewellery posted gains.