* In FY24, India’s gems and jewellery exports reached US$ 32.02 billion, while in April 2024 gems and jewellery stood at US$ 2.07 billion.
* In 2022, India ranks first among the top exporters in cut & polished diamonds, and second in gold jewellery, silver jewellery and lab-grown diamonds.
* In September 2023, Malbar Group invested Rs. 1,000 crore (US$ 120 million) by 2025.
* Cumulative FDI inflows in diamond and gold ornaments in India stood at US$ 1,276.52 million between April 2000-March 2024.
* The Government has permitted 100% FDI under the automatic route** in this sector.
* The sector now has AEO status from the finance ministry, easing export-import processes with quicker cargo release, 50% lower bank guarantees.
*It is expected to break out of this range and rise to between 800 and 900 tons in 2024.
*Total FDI Equity inflows in Indian G&J Sector grew by around 15% to US$ 25.50 million during 2022-2023 in comparison to last year.
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