India's G&J Exports Witness 10% Growth in April-May 2022
Diamond World|May - June 2022
Gross exports of India's Gem & Jewellery for the period of April 2022 – May 2022 witnessed a growth of 10.08% to Rs. 51,050.53 Crore (5.97% in dollar terms to US$ 6.65 billion) as compared to Rs. 46,376.57 Crore (US$ 6.28 billion) during April 2021 – May 2021.
India's G&J Exports Witness 10% Growth in April-May 2022

 With the Govt. setting the gem & jewellery export target of USD 45.7 billion for the year 2022-23, the industry is looking to make the most of the growth opportunities created by the trade agreements with UAE and Australia to manage the 17% growth in the export target. Moreover, it will have to look for new markets to offset the effects of the Russia-Ukraine conflict on exports.

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