Real-Time CommodityWire is available only to registered users. This is best for professional traders and people who track markets actively.Real-Time CommodityWire is available only to registered users. This is best for professional traders and people who track markets actively.
Informist, Wednesday, Feb. 12, 2025
MUMBAI – India's gems and jewellery net exports fell 6.7% on year to $1.94 billion in January, while net imports declined 37.8% on year to $1.42 billion, according to data from the Gem and Jewellery Export Promotion Council. The export of gems and jewellery on a gross basis declined 7.0% on year to $2.24 billion in January.
The country's net gems and jewellery exports in Apr-Jan declined 10.8% from a year ago to $19.07 billion, while gross exports declined to $23.19 billion from $26.38 billion a year ago. India's net gems and jewellery imports in Apr-Jan fell 9.9% on year to $16.14 billion, the data showed.
India exported 1.34 million carats of cut and polished diamonds in January, down from 1.54 million carats a year ago. Exports of cut and polished diamonds in Apr-Jan were 13.4 million carats, down from 15.4 million carats in the same period last year.
The country's import of rough diamonds in January fell to 7.97 million carats from 11.77 million carats a year ago. Imports of rough diamonds in Apr-Jan fell to 82.96 million carats from 98.73 million carats a year ago, the data showed.
Silver jewellery exports in January plunged 64.1% on year to $68.88 million. Silver jewellery exports in Apr-Jan fell 41.4% to $839.71 million.
India imported gold bars worth $386.17 million in January, down 18.1% from a year ago, the data showed. Imports of gold bars in Apr-Jan rose 35.3% to $3.27 billion. The country imported $31.64 million of gold jewellery in January, down from $272.93 million a year ago, while imports of gold jewellery in Apr-Jan rose 21.1% to $895.20 million.
The following table details India's exports and imports of gems and jewellery in January and Apr-Jan, in dollar terms, and the percentage change since the year-ago period, as detailed by the Gem and Jewellery Export Promotion Council:
|
Jan |
Year-on-year Change |
Apr-Jan |
Year-on-year Change |
|
|
EXPORTS |
(million $) |
(%) |
(million $) |
(%) |
|
Cut, polished diamonds |
1,015.98 |
(-) 12.48 |
10,772.84 |
(-) 17.73 |
|
Gold jewellery |
949.46 |
20.48 |
9,088.34 |
(-) 2.11 |
|
Coloured gemstones |
49.72 |
3.79 |
353.92 |
(-) 9.62 |
|
Silver jewellery |
68.88 |
(-) 64.09 |
839.71 |
(-) 41.36 |
|
Total* |
1,938.42 |
(-) 6.69 |
19,066.37 |
(-) 10.78 |
|
IMPORTS |
||||
|
Rough diamonds |
735.41 |
(-) 36.89 |
8,746.66 |
(-) 22.49 |
|
Cut, polished diamonds |
54.00 |
(-) 67.04 |
1,039.53 |
(-) 37.35 |
|
Gold bars |
386.17 |
(-) 18.12 |
3,265.87 |
35.33 |
|
Gold jewellery |
31.64 |
(-) 88.41 |
895.20 |
21.13 |
|
Total* |
1,421.61 |
(-) 37.83 |
16,135.39 |
(-) 9.92 |
* Total may not tally as some minor items have not been included, or some consignments may have been returned.
End
US$1 = INR 86.89
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Reported by Sandeep Sinha
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
Share this Story:
