India’s gold jewellery exports sustained their growth trajectory from April to June 2024, bucking a downward trend in the country’s overall gem and jewellery trade.

Latest data from the Gem & Jewellery Export Promotion Council (GJEPC) showed that total gold jewellery shipments rose 12.25 per cent to US$2.22 billion from April to June and 6.36 per cent to US$608.01 million in June alone. 

The sub-category of plain gold jewellery saw exports rise 17.02 per cent to US$1.12 billion from April to June while those of studded gold jewellery jumped 7.81 per cent to US$1.11 billion. 

Meanwhile, India’s overall gem and jewellery exports recorded a 7.44 per cent year-on-year decline to US$6.87 billion during the period under review, reflecting muted demand in overseas markets. 

Exports of cut and polished diamonds and coloured gemstones dropped 18.29 per cent to US$3.67 billion and 28.78 per cent to US$91.18 million, respectively.

Silver and platinum jewellery, however, witnessed a year-on-year growth of 10.08 per cent to US$230.63 million and 39.66 per cent to US$40.28 million, respectively.