India’s shipments of plain gold jewellery saw high double-digit increases from April to May 2024, demonstrating the strong appeal of Indian craftsmanship in overseas markets.

Latest data from the Gem & Jewellery Export Promotion Council (GJEPC) showed plain gold jewellery exports were up 30.66 per cent to US$653.71 million while those of studded gold jewellery rose 4.94 per cent to US$766.84 million. Total gold jewellery exports surged by 15.4 per cent to US$1.42 billion.

Silver jewellery also witnessed a growth of 22.47 per cent to US$178.8 million while platinum jewellery soared by a whopping 72.94 per cent to US$25.48 million, signalling a growing preference among consumers.

Overall, gem and jewellery exports reached US$4.7 billion during the period in review, down 5.94 per cent from 2023 figures.

Vipul Shah, chairman of GJEPC, cited the “remarkable resilience and adaptability” of India's gem and jewellery sector amid global economic challenges.

“The growth witnessed in categories such as gold jewellery and silver jewellery underscores the enduring appeal of Indian craftsmanship and design,” noted Shah. 

Meanwhile, exports of cut and polished diamonds and coloured gemstones dipped 15.54 per cent to US$2.63 billion and 29.02 per cent to US$63.2 million, respectively.