Gem and Jewellery Exports Drop 14% in June

• Gems and jewellery exports fell 14% YoY to $1.63 billion due to economic uncertainties around U.S. President Donald Trump’s tariffs.

• Geopolitical unrest in West Asia further disturbed global consumption demand.

• Imports of gems and jewellery slid 3% to $1.55 billion due to stagnant domestic demand.

• Trade activities are expected to remain discreet until Trump tariffs are fully rolled out.