Gems trade slump: Exports fall 31% in October; bullion volatility, early US stocking hit demand
Gems trade slump: Exports fall 31% in October; bullion volatility, early US stocking hit demand
India's gems and jewellery exports experienced a significant 30.57% decline in October, reaching $2.17 billion. This drop, attributed to pre-tariff stocking by overseas buyers and volatile bullion prices, saw substantial decreases in cut and polished diamonds, lab-grown diamonds, and gold jewellery. A revival is anticipated in November due to Chinese market recovery and Christmas demand.
India's gems and jewellery exports experienced a significant 30.57% decline in October, reaching $2.17 billion. This drop, attributed to pre-tariff stocking by overseas buyers and volatile bullion prices, saw substantial decreases in cut and polished diamonds, lab-grown diamonds, and gold jewellery. A revival is anticipated in November due to Chinese market recovery and Christmas demand.
India's gems and jewellery exports experienced a significant 30.57% decline in October, reaching $2.17 billion. This drop, attributed to pre-tariff stocking by overseas buyers and volatile bullion prices, saw substantial decreases in cut and polished diamonds, lab-grown diamonds, and gold jewellery. A revival is anticipated in November due to Chinese market recovery and Christmas demand. 
