Sa Jewelry Information Sajn November 2022 By Isikhova Media
In November, India’s gem and jewelry exports decreased by 4.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an improvement from the earlier yr. The Gem and Jewellery Export Promotion Council attributes the decline to produce disruptions and a voluntary halt in rough diamond imports as a end result of geopolitical issues. GJEPC Chairman Vipul Shah anticipates further enchancment, citing heightened pageant Auto News demand and expects FY24 exports to surpass the earlier monetary year. Regional jewellery demand in the Middle East was 15% larger in 2022 at 190t. Sizable features in the UAE and Saudi Arabia were key …
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