Festive sparkle lifts exports: Gem and jewelry shipments soar 15.98% to $2.18 bn in July, Hong Kong rebound aids development

Robust order bookings on the India Worldwide Jewelry Present (IIJS) Premiere and a restoration within the Hong Kong market pushed India’s gem and jewelry exports up 15.98% year-on-year to $2,178.24 million (Rs 18,756.28 crore) in July, in keeping with information from the Gem and Jewelry Export Promotion Council (GJEPC).Exports in July 2024 stood at $1,878.09 million (Rs 15,700 crore), PTI reported. “The July exports are good and an encouraging signal for our business. It primarily received a lift from profitable substantial order bookings in the course of the IIJS Premiere and a robust bounce again of the Hong Kong market. This efficiency is heartening, particularly because it comes amid international challenges, equivalent to the continued affect of the US tariffs,” GJEPC Chairman Kirit Bhansali mentioned.The not too long ago concluded IIJS Premiere 2025 generated estimated orders value Rs 70,000–90,000 crore, lifting business sentiment forward of the festive season, the council mentioned. Bhansali added that the business is gearing up for SAJEX 2025 in Saudi Arabia this September, anticipated to open new commerce and funding avenues within the Gulf.Inside the broader exports basket, minimize and polished diamond shipments rose 17.76% to $1,071.73 million (Rs 9,230.66 crore) in July from $910.13 million (Rs 7,608.79 crore) a yr earlier. Polished lab-grown diamond exports elevated 27.61% to $122.43 million (Rs 1,054.65 crore) from $95.94 million (Rs 802.16 crore). Gold jewelry exports climbed 16.39% to $813.77 million (Rs 7,005.96 crore) in opposition to $699.17 million (Rs 5,844.28 crore) in July 2024, the information confirmed.