India’s gross gem and jewellery exports rose 13.58% to ₹87,078 crore during April-July 2026 from the corresponding period last year. In US dollar terms, exports increased 2.44%.
The growth was led by value-added segments. Studded gold jewellery exports rose 21% to $2.24 billion, while silver jewellery exports surged 72% to $508 million.
Value-added segments drive growth
Platinum jewellery exports increased 17% to $77.82 million, while polished lab-grown diamond exports rose 7% to $408.50 million.
In July 2026, gross exports remained largely stable at $2.35 billion, or ₹22,512 crore, compared with $2.34 billion, or ₹20,158 crore, in July 2025. This represented a 0.38% rise in dollar terms and an 11.68% increase in rupee terms.
Gold jewellery gains traction
Gold jewellery exports drove July’s performance, rising 9%. Studded gold jewellery exports increased 21%, supported by demand from the UAE, Hong Kong, Singapore and the UK.
Gold prices continued to soften during July, declining 3.88% to $4,074 per troy ounce from $4,238 in June. This followed a 10% month-on-month correction in June, marking the second consecutive month of decline.
GJEPC sees further opportunities
“Despite a challenging global environment, India’s gem and jewellery exports have shown encouraging resilience, with value-added segments such as studded gold jewellery, silver and platinum jewellery leading the way,” said GJEPC Chairman Kirit Bhansali.
“The easing of gold prices is also expected to support demand in key consuming markets. Looking ahead, we remain optimistic. IIJS Bharat Premiere 2026 was a resounding success,” he said.
India eyes global diamond hub
Commenting on the recently introduced Taxation and Other Laws (Amendment) Bill 2026, Bhansali said the legislation could help remove a structural barrier for the industry.
“This new law removes a long-standing structural barrier. It positions India to evolve from a processing powerhouse into a global diamond trading hub,” he said.