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Informist, Monday, Jan. 13, 2025

 

MUMBAI – India's gems and jewellery exports on a net basis fell 9.2% on year to $1.68 billion in December, while net imports declined 27.2% on year to $1.53 billion, according to data from the Gem and Jewellery Export Promotion Council. Export of gems and jewellery on a gross basis declined 10.3% to $1.97 billion in December.

The country's net gems and jewellery exports in Apr-Dec declined 9.0% from a year ago to $17.00 billion, while gross exports declined to $20.82 billion from $23.37 billion a year ago. India's net gems and jewellery imports in Apr-Dec fell 6.7% on year to $14.56 billion, the data showed.

 

India exported 994,000 carats of cut and polished diamonds in December, down from 1.3 million carats a year ago. Exports of cut and polished diamonds in Apr-Dec were 12.0 million carats, down from 13.9 million carats in the same period last year.

 

The country's import of rough diamonds in December fell to 8.38 million carats from 11.85 million carats a year ago. Imports of rough diamonds in Apr-Dec fell to 74.65 million carats from 86.96 million carats a year ago, the data showed.

 

Silver jewellery exports in December plunged 79.6% on year to $50.84 million. Silver jewellery exports in Apr-Dec fell 38.0% to $767.09 million.

 

India imported gold bars worth $405.88 million in December, up 55.4% from a year ago, the data showed. Imports of gold bars in Apr-Dec rose 48.3% to $2.86 billion. The country imported $30.33 million of gold jewellery in December, down from $57.17 million a year ago, while imports of gold jewellery in Apr-Dec jumped up 85.3% to $863.56 million.

 

The following table details India's exports and imports of gems and jewellery in December and Apr-Dec, in dollar terms, and the percentage change since the year-ago period, as detailed by the Gem and Jewellery Export Promotion Council:

 

	Dec	Year-on-year Change	Apr-Dec	Year-on-year Change
EXPORTS	(million $)	(%)	(million $)	(%)
Cut, polished diamonds	773.10	(-) 10.36	9,755.80	(-) 18.25
Gold jewellery	868.03	(-)  3.56	8,072.14	2.23
Coloured gemstones	18.59	(-)  7.65	304.13	(-) 11.50
Silver jewellery	50.84	(-) 79.60	767.09	(-) 37.95
Total*	1,675.27	(-)  9.16	16,997.46	(-) 9.02
IMPORTS
Rough diamonds	835.79	(-) 36.28	7,882.58	(-) 22.10
Cut, polished diamonds	91.26	(-) 64.10	985.52	(-) 34.09
Gold bars	405.88	55.37	2,863.39	48.34
Gold jewellery	30.33	(-) 46.95	863.56	85.27
Total*	1,526.95	(-) 27.23	14,564.58	(-) 6.72

 

* Total may not tally as some minor items have not been included, or some consignments may have been returned.

 

End

US$1 = INR 86.56

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Sandeep Sinha

Edited by Saji George Titus

 

 

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