New Delhi, March 20 -- India's gems and jewellery exports declined significantly in February, falling by 23.49 per cent to USD 2,422.9 million (Rs 21,085.030 crore) compared to the same month last year, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC) on Wednesday.

This decline continues a downward trend as exports in the corresponding period of 2024 had stood at USD 3,166.66 million (Rs 26,268.6 crore).

The downturn extends beyond the monthly figures, with cumulative exports from April 2024 to February 2025 showing a 13.43 per cent reduction at USD 25,732.72 million (Rs 2,17,148.26 crore) compared to USD 29,724.13 million (Rs 2,46,105.96 crore) for the same period in the previous fiscal year.

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