* India’s gems and jewellery exports reached US$ 26.35 billion during April 2023-January 2024.
* 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 US$ 120 million (Rs. 1,000 crore) by 2025.
* Cumulative FDI inflows in diamond and gold ornaments in India stood at US$ 1,270.63 million between April 2000-December 2023.
* The Government has permitted 100% FDI under the automatic route** in this sector.
* The Government has reduced custom duty on cut and polished diamond and colored gemstones from 7.5% to 5% and NIL.
* 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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