India’s gem and jewellery exports jump 26.5% in June, led by gold jewellery
Gross gem and jewellery exports reached $2.21 billion in June, with gold jewellery exports up 54.5% year-on-year to $1.09 billion. Lower international gold prices aided competitiveness, while gold-import GST issues remain unresolved.
India’s gem and jewellery exports rose 26.51% year-on-year to USD 2.21 billion in June, led by gold jewellery, diamonds and lab-grown diamonds. Lower international gold prices improved exporter competitiveness, though GST-related gold-import issues persist.
Why this matters
No related recent GJEPC signals were provided. June’s export growth indicates gold jewellery is a key driver for India’s gem and jewellery export sector amid lower global gold prices and unresolved GST concerns.
Retail-company signals are accelerating, up +998000% QoQ.