Gem and jewellery exports rise 34% on stronger demand
In short
Gem and jewellery exports rose 34% on stronger demand and higher gold prices. The growth was helped by solid gold jewellery shipments and a recovery in polished diamond exports ahead of the year-end holiday season.
What the reporting says
Gem and jewellery exports rose 34% as stronger gold jewellery shipments and a recovery in polished diamond exports supported overseas sales. The reported gains came ahead of the crucial year-end holiday season, while higher gold prices also helped lift shipments.
Why it matters
Gem and jewellery exports rose 34% on stronger demand, with stronger gold jewellery shipments and a recovery in polished diamond exports lifting sales ahead of the year-end holiday season. The report also links the increase to higher gold prices. The move points to improved conditions for exporters in the gem and jewellery trade, especially firms exposed to festive-season overseas demand.