Export of gems and jewellery drops over 18% in August amid global consumption slowdown
- Posted on September 23, 2024
- By Business News Today
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Export of gems and jewellery drops over 18% in August amid global consumption slowdown
India's gem and jewellery exports in August fell by 18.79% to USD 2012.51 million compared to last year. The decline is due to global consumption slowdown amid geo-political tensions. Exports of cut and polished diamonds, lab-grown diamonds, gold jewellery, and coloured gemstones also saw significant drops.
