New Delhi, August 13: Despite global economic uncertainties and challenges in international demand, India’s gem and jewelry sector has shown resilience in the first four months of the current financial year. According to data released by the Gem and Jewelry Export Promotion Council (GJEPC) on Thursday, India’s total gem and jewelry exports from April to July 2026 increased by 2.44%, reaching $9.17 billion. This growth was significantly driven by value-added products, particularly gold and silver jewelry.
In terms of the Indian currency, exports during this period rose by 13.58% to ₹87,078.01 crore, indicating that the Indian jewelry industry is maintaining its foothold in export markets despite global challenges.
The best performance came from studded gold and silver jewelry. Exports of studded gold jewelry surged by 21.09% to $2.24 billion during the April-July period. Meanwhile, silver jewelry exports saw a remarkable increase of 72.19%, reaching $508.18 million.
Other categories also displayed positive growth, with platinum jewelry exports rising by 17.20% to $77.82 million, and polished lab-grown diamonds increasing by 7.47% to $408.50 million. Additionally, the total exports of gold jewelry, including both plain and studded categories, grew by 5.87% to $4.03 billion.
According to GJEPC, this growth was supported by strong demand from key markets such as the United States, Singapore, Hong Kong, and the United Kingdom, where the rising demand for Indian jewelry and value-added products has provided significant benefits to exporters.
However, not all categories performed equally. Exports of cut and polished diamonds fell by 8% to $3.60 billion. Similarly, plain gold jewelry exports decreased by 8.46% to $1.80 billion. This decline was attributed to shifts in global consumer demand and economic pressures in some major markets.
GJEPC Chairman Kirat Bhansali stated that despite the challenging international environment, the Indian gem and jewelry industry has demonstrated remarkable strength. He noted that the increasing demand for value-added products has supported export growth and could continue to drive the industry’s development in the future.
Bhansali also mentioned that the recent easing of gold prices in international markets could further boost demand in major consumer markets. He expressed optimism that business agreements made during the IIJS India Premier 2026 exhibition would translate into actual export orders in the coming months, further accelerating exports.
He highlighted that over 61,000 visitors attended the exhibition, including more than 5,000 international buyers and representatives from 80 countries, strengthening the global reach of the Indian gem and jewelry industry.
Bhansali welcomed the recently introduced Taxation and Other Laws (Amendment) Bill, 2026, stating that the 15-year income tax exemption for foreign companies operating in rough diamond trading through special notified zones could position India not just as a diamond processing hub, but also as a global diamond trading center.
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