India gems & jewellery exports slip 9% in April to $2.45bn as diamonds, gold jewellery slump
GJEPC data shows cut & polished diamond exports down 20% to $891mn and gold jewellery off 22% to $842mn in April, hit by West Asia tensions, record gold prices and weak global demand. Silver jewellery exports quadrupled to $268mn and platinum jumped 90% to $22mn, signalling a mix shift for Indian exporters.
India's gems and jewellery exports fell 9% YoY in April to $2.45bn as West Asia tensions, high gold prices and weak global demand hit cut/polished diamonds (-20%) and gold jewellery (-22%); silver and platinum jewellery exports surged.