The business has highlighted issues similar to the dearth of valuers, challenges with the hand-carriage of gems and jewelry, and issues in regards to the Remission of Duties or Taxes on Export Products scheme. In November, India’s gem and jewelry exports decreased by 4.52% YoY to Rs 19,018.18 crore (USD 2,263.34 million), marking an improvement from the previous year. The Gem and Jewellery Export Promotion Council attributes the decline to produce disruptions and a voluntary halt in tough diamond imports as a outcome of geopolitical issues.
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