In April 2024, Indian imports of Gems & Jewellery experienced a slight increase of 3.95% year-on-year, totalling USD 1891.49 million (Rs. 15772.69 crores), according to data from GJEPC, the apex body for the industry. This growth, amidst subdued demand due to national elections, may be attributed to sporadic rises in demand linked to Akshaya Tritiya festivities.

Conversely, overall gross exports of Gems & Jewellery in April 2024 declined by 11.37% to USD 2074.85 million (Rs. 17307.280 crores) compared to the previous year's USD 2341.06 million (Rs. 19198.4 crores), driven by global economic uncertainties and volatility. Despite external challenges, domestic efforts to enhance ease of doing business offer potential for future growth, with Colin Shah, MD of Kama Jewelry, expressing optimism for improved exports in the upcoming festive season amidst hopes of global conflicts resolving.