- Gross export of total Gold Jewellery (both Plain & Studded) for the FY 2023-24 grew 16.75%
- Gross export of Coloured Gemstones for the FY 2023-24 increased by 14% to US$ 478.71 million
- Platinum Gold Jewellery exports have shown a very robust growth of 449.16% to US$ 163.48 million
For the FY 2023-24,exports of Plain Gold Jewellery surged by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23.
“Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.”
The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year.
Speaking about the increase in plain gold jewellery exports Vipul Shah, Chairman , GJEPC
“The increase in plain gold jewellery exports may be attributed to the pragmatic foreign trade agreements by the Govt. The implementation of India-UAE CEPA couldn’t have come at a better time.
Vipul Shah “GJEPC has been actively working with the Government to implement favourable policies in the forthcoming trade agreements, notably those with GCC, Canada, UK, and EU. I am confident that this proactive engagement will have a positive impact on the exports of gem and jewellery to these nations in the coming months.”
