Tag: november

Gem and jewelry exports in FY24’s April-December plunged by 20.78% YoY to USD 22.7 billion, attributing the decline to world financial challenges and geopolitical components. Notably, rough diamonds imports fell by 23.51%, while minimize and polished diamond exports declined by 28.27%. Lab-grown diamonds, beforehand on the rise, experienced a 22.97% dip in gross exports. Despite the current setback, trade consultants, together with Colin Shah of Kama Jewelry, anticipate a gradual restoration from the 3rd quarter of FY25. John Glajz, Argyle Pink Diamonds Icon PartnerTM, says, “It has been an honor for me to collaborate with Muzo and Argyle in the…