The export of gold jewelery from India in October fell by 6.9% to $ 608.95 million, according to the Gems and Jewelery Export Promotion Council (GJEPC).
As part of efforts to reduce the trade deficit, India has taken measures to limit the import of gold, which had a significant impact on the jewelry sector. Among these measures was the requirement to ensure the subsequent export of 20% of imported gold in the form of jewelry products.