Indian Gems and Jewellery Export: The demand for Indian gems and jewellery is increasing in the country as well as abroad. Especially Indian gems and jewellery are being liked a lot abroad. On the basis of these gems and jewellery being liked abroad, its exports increased by 9 per cent in the month of October.   

Demand for Indian gems and jewellery increased. 

According to the data and report released by the Gem and Jewellery Export Promotion Council (GJEPC), India's gem and jewellery exports in October have increased by 9.18 per cent to US $ 2,998.04 million or about Rs 25194 crore. The GJEPC Council said that due to improved demand for cut and polished diamonds, exports saw a boom last month. In October this year, CPD (cut and polished diamond) exports increased by 11.32 per cent to US $ 1,403.59 million (Rs 11,795.83 crore), while in October a year ago, this export was US $ 1,260.91 million (Rs 10,495.06 crore).  

Total exports stood at USD 2,746.09 million (Rs 22,857.16 crore) during the same period last year, GJEPC said in a statement. 
GJEPC Chairman Vipul Shah said, "This is a welcome relief for our industry as we have experienced an export growth of 9.18 per cent in October. Cut and polished diamond exports grew by 11.32 per cent as compared to October 2023. 

We are optimistic that this trend will continue, especially with the holiday season in the West, which will further increase the demand for gems and jewellery. In addition, the Council is making concerted efforts to expand into new markets while strengthening demand in existing markets. He expects a surge in global demand for gems and jewellery after Donald Trump becomes US President. 

He said, that with Donald Trump winning the US presidential election, we are optimistic about his promise to stabilize the geopolitical landscape and strengthen the US economy. Trump's decisions will support a revival in trade, business and supply chains and ultimately boost global demand for gems and jewellery.  

According to GJEPC data, gold jewellery exports also rose 8.8 per cent to USD 1,124.52 million (Rs 9,449.37 crore) in October 2024, as against USD 1,033.61 million (Rs 8,603.33 crore) in the same month a year ago. According to the Indian Bullion Jewelers Association (IBJA), the price of 24-carat 10 grams of gold was Rs 78,866 on November 6, the day Donald Trump won the presidential election, which has fallen to Rs 73,739 per 10 grams by November 14.