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Informist, Thursday, Mar. 13, 2025

 

MUMBAI – India's gems and jewellery net exports fell 25.6% on year to $2.09 billion in February, while net imports declined 40% on year to $1.36 billion, according to data from the Gem and Jewellery Export Promotion Council. The export of gems and jewellery on a gross basis declined 23.5% on year to $2.42 billion in February.

 

The country's net gems and jewellery exports in Apr-Feb was down 12.6% from a year ago to $21.28 billion, while gross exports declined to $25.73 billion from $29.74 billion a year ago. India's net gems and jewellery imports in Apr-Feb fell 13.3% on year to $17.50 billion, the data showed.

 

India exported 1.74 million carats of cut and polished diamonds in February, down from 1.87 million carats a year ago. Exports of cut and polished diamonds in Apr-Feb were 15.1 million carats, down from 17.3 million carats in the same period last year.

 

The country's import of rough diamonds in February fell to 7.65 million carats from 15.22 million carats a year ago. Imports of rough diamonds in Apr-Feb fell to 90.60 million carats from 113.95 million carats a year ago, the data showed.

 

Silver jewellery exports in January plummeted 53.2% on year to $47.82 million. Silver jewellery exports in Apr-Feb dropped 42% to $892.05 million.

 

India imported gold bars worth $299.97 million in February, up 21.4% from a year ago, the data showed. Imports of gold bars in Apr-Feb soared 34% to $3.57 billion. The country imported $35.89 million of gold jewellery in February, down from $107.11 million a year ago, while imports of gold jewellery in Apr-Feb rose 10% to $931.09 million.

 

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

 

	Feb	Year-on-year Change	Apr-Feb	Year-on-year Change
EXPORTS	(million $)	(%)	(million $)	(%)
Cut, polished diamonds	1,362.67	(-) 20.20	12,135.83	(-) 18.01
Gold jewellery	752.76	(-) 18.09	9,933.19	(-)  4.05
Coloured gemstones	62.85	(-)  2.20	417.15	(-)  8.50
Silver jewellery	47.82	(-) 53.22	892.05	(-)  42.0
Total*	2,088.43	(-) 25.58	21,276.49	(-) 12.62
IMPORTS
Rough diamonds	756.91	(-) 52.37	9,503.57	(-) 26.18
Cut, polished diamonds	120.03	(-)  7.97	1,159.55	(-) 35.21
Gold bars	299.97	21.39	3,565.84	34.04
Gold jewellery	35.89	(-) 66.49	931.09	10.04
Total*	1,362.62	(-) 40.04	17,498.01	(-) 13.31

 

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

 

End

US$1 = INR 86.99

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

 

Reported by Sandeep Sinha

Edited by Deepshikha Bhardwaj

 

 

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