India gems & jewellery exports slip 9% in April to $2.45bn as diamonds, gold jewellery slump
GJEPC data shows cut & polished diamond exports down 20% to $891mn and gold jewellery off 22% to $842mn in April, hit by West Asia tensions, record gold prices and weak global demand. Silver jewellery exports quadrupled to $268mn and platinum jumped 90% to $22mn, signalling a mix shift for Indian exporters.
What happened
GJEPC · India's gems and jewellery exports fell 9% YoY in April to $2.45bn as West Asia tensions, high gold prices and weak global demand hit cut/polished
Key facts
- exports -9% to $2.45bn
- imports -10% to $2.03bn
- cut/polished diamond exports -20% to $891mn
- gold jewellery exports -22% to $842mn
- silver jewellery exports +4x to $268mn
- platinum jewellery exports +90% to $22mn
Why this matters
Distressed diamond and gold-focused exporters may surface as bolt-on targets, while silver and platinum specialists scaling 4x and 90% respectively warrant proactive partnership or stake conversations.