Key Points
Timely implementation of the India-UAE Comprehensive Economic Partnership Agreement (CEPA) by the commerce ministry resulted in a remarkable 17% growth in exports of plain gold jewellery in 2022-23..
Indias gems and jewellery exports grew 2.48% year-on-year in 2022-23 to Rs 3,00,462.52 crore, despite inflation in the United States, the Russia-Ukraine war and the lockdown in China for almost six months, according to figures released by the Gem & Jewellery Export Council (GJEPC)...
In 2022-23, provisional gross exports of gold jewellery stood atRs 75,635.72 crore, up 11.13%over Rs 68,062.41 crore in the previous fiscal...
Provisional gross exports ofplain gold jewellerystood at Rs 33,177.86 crore, a growth of 17.22% over Rs 28,303.37 crore in 2021-22..
Additionally, the elimination of customs duty on lab-grown diamond seeds, previously at 5%, will enable India to establish global leadership in the complete production cycle of lab-grown diamonds and jewellery manufacturing, he said.. Provisional gross exports of silver jewellery increased 16.02% in 2022-23 toRs 23,492.71 crore, according to the data...
