Plain Gold Jewellery Exports Grew by 61.72% to US$ 6792.24 million in FY 2023-24 Solitaire International Magazine
Gross export of total Gold Jewellery (both Plain & Studded) for the FY 2023-24 grew 16.75%
Gross export of Coloured Gemstones for the FY 2023-24 increased by 14% to US$ 478.71 million
Platinum Jewellery exports have shown a very robust growth of 449.16% to US$ 163.48 million
For the FY 2023-24, exports of Plain Gold Jewellery grew by an impressive 61.72% to US$ 6792.24 million as compared to US$ 4199.96 million in FY 2022-23.
Total Gold jewellery (plain & studded jewellery), which experienced a 10.47% decline between April 2023 to September 2023, rebounded strongly in the latter half of the year, achieving a growth of 46.91%.
The UAE emerged as a significant market for plain gold jewellery exports from India, experiencing remarkable growth of 107.2% to reach USD 4,528.66 million in FY 2023-24, compared to USD 2,185.67 million in the previous year. Markets of UAE & Bahrain accounted for over 85% of India’s plain gold jewellery exports