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Informist, Tuesday, Apr. 15, 2025

 

MUMBAI – India's gems and jewellery net exports rose 8.8% on year to $1.84 billion in March, while net imports fell 7.2% on year to $1.94 billion, according to data from the Gem and Jewellery Export Promotion Council. The export of gems and jewellery on a gross basis rose 1% on year to $2.58 billion in March.

 

The country's net gems and jewellery exports in the financial year ended March contracted 10.5% to $23.30 billion, while gross exports declined to $28.5 billion from $32.28 billion a year ago. Net imports in the last financial year fell 12% to $19.61 billion, the data showed.

 

India exported 1.55 million carats of cut and polished diamonds in March, down from 1.61 million carats a year ago. Exports of cut and polished diamonds in 2024-25 were 16.65 million carats, down from 18.92 million carats in the previous year.

 

The country's import of rough diamonds in March rose to 13.83 million carats from 10.67 million carats a year ago. Imports of rough diamonds in 2024-25 fell to 104.43 million carats from 124.62 million carats a year ago, the data showed.

 

Silver jewellery exports in March dropped 21.5% on year to $63.37 million. Silver jewellery exports in 2024-25 plummetted 40.6% to $961.79 million.

 

India imported gold bars worth $404.55 million in March, up 92.3% from a year ago, the data showed. Imports of gold bars in 2024-25 soared 44.2% to $4.14 billion. The country imported $24.83 million of gold jewellery in March, down from $194.86 million a year ago, while imports of gold jewellery in 2024-25 fell 8.2% to $956.15 million.

 

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

 

	Mar	Year-on-year Change	Apr-Mar	Year-on-year Change
EXPORTS	(million $)	(%)	(million $)	(%)
Cut, polished diamonds	1,156.17	(-) 0.76	13,292.0	(-) 16.75
Gold jewellery	1,111.76	27.27	11,215.46	(-)  0.11
Coloured gemstones	22.61	(-)  0.91	440.38	(-)  8.01
Silver jewellery	63.37	(-) 21.46	961.79	(-) 40.58
Total*	1,841.77	8.81	23,302.66	(-) 10.53
IMPORTS
Rough diamonds	1,300.97	(-) 6.62	10,804.54	(-) 24.27
Cut, polished diamonds	52.09	(-) 57.07	1,211.66	(-) 36.60
Gold bars	404.55	92.31	4,141.29	44.17
Gold jewellery	24.83	(-) 87.26	956.15	(-) 8.15
Total*	1,939.30	(-) 7.20	19,610.97	(-) 11.96

 

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

 

End

US$1 = INR 85.77

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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