According to trade experts, Jaipur’s gems and jewellery exports, which were on a rise before the pandemic, may see a muted growth this financial year amid global slowdown.
The overseas demand has also shifted to light-weight stone-studded jewellery, of both precious and non-precious stones.
In 2022-23, the gems and jewellery exports from the city were estimated at over $1,177 mn. The exports may clock a similar figure for this financial year as well, say experts. Till September, the exports stood at over $650 mn.
Jaipur, known for its jewellery manufacturing and coloured gemstone industry, engages more than 50,000 traders. More than 100,000 craftsmen also earn their livelihood through it.
“We export the items mainly to the US, Hong Kong, the UAE, and Europe,” Rahul Rajpurohit, a city-based jeweller, said. Jewellery made of gold and silver, which is studded with coloured gemstones, is being exported to these countries, he said. However, another city-based jeweler, Jitendra, said it was a bit early to predict export figures. There is hope of exports growing because of Christmas and other festivals, he said.
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished
