Gems and jewellery exports decline. (Photo Source: Envato) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Gems and Jewellery exports in India registered a 30.57% decline in October, as per industry body Gems and Jewellery Expert Promotion Council (GJEPC).

Exports for October stood at $2,168.05 million (Rs 19,172.890 crore), nearly 31% down from the year-ago period compared to $3,122.52 million or Rs 26,237.1 crore in October 2024, as per data released by the body.

"The decline in overall exports in October was mainly due to demand being pushed forward before the US tariff was implemented. Most of the stocking up for the festivals took place before August 27, therefore, in October the demand was down. The decline in gold and silver exports is triggered by volatile bullio

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