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India gems & jewellery exports slip 2.49% to $2.05B in May as plain gold jewellery craters 14.75%
Our read
Distressed plain-gold-heavy exporters and undervalued lab-grown diamond manufacturers become attractive bolt-on targets as the category rotation accelerates and weaker single-line players lose pricing power.
The report,
India's gems and jewellery exports fell 2.49% YoY in May to USD 2.05B, dragged by a 14.75% drop in plain gold jewellery amid record gold prices and tight import availability. Studded gold, diamonds, lab-grown diamonds and silver jewellery posted gains.
Reported figures
From the report. Source details below
| Plain gold jewellery -14.75% to | USD 758.44M |
|---|---|
| Studded gold +1.79% to | USD 463.57M |
| Cut & polished diamonds +3.31% to | USD 980.73M |
| Lab-grown diamonds +25.99% to | USD 101.50M |
| Silver jewellery +14.73% to | USD 97.39M |
Also in the report
- USD 2,047.89M May exports -2.49% YoY
Other figures
- Gold price +45.69% YoY