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India’s gem and jewellery exports rise 2.44% to $9.17 billion in April-July despite global headwinds

New Delhi, August 13, 2026 (Yes Punjab News)

India’s gross gem and jewellery exports increased 2.44 per cent year-on-year in US dollar terms to $9.17 billion during April-July 2026, with value-added segments such as studded gold and silver jewellery driving growth despite a challenging global environment, according to data released by the Gem & Jewellery Export Promotion Council (GJEPC) on Thursday.

In rupee terms, exports rose 13.58 per cent to Rs 87,078.01 crore during the four-month period compared with the corresponding period last year.

Studded gold jewellery exports recorded a 21.09 per cent increase to $2.24 billion, while silver jewellery exports surged 72.19 per cent to $508.18 million. Platinum jewellery exports grew 17.20 per cent to $77.82 million.

Polished lab-grown diamond exports also increased 7.47 per cent to $408.50 million during the period.

Overall gold jewellery exports, including plain and studded jewellery, rose 5.87 per cent to $4.03 billion. According to the GJEPC, demand from the US, Singapore, Hong Kong and the UK contributed significantly to the growth.

However, cut and polished diamond exports declined 8 per cent to $3.60 billion. Plain gold jewellery exports also fell 8.46 per cent to $1.80 billion during the period.

GJEPC Chairman Kirit Bhansali said the industry had demonstrated resilience despite global challenges, with value-added categories emerging as the main growth drivers.

He said softer gold prices could help stimulate demand in key consuming markets and expressed confidence that business generated during IIJS Bharat Premiere 2026 would translate into higher shipments in the coming months.

The trade event drew more than 61,000 visitors, including over 5,000 international visitors from 80 countries, Bhansali said.

Commenting on the Taxation and Other Laws (Amendment) Bill, 2026, he said the proposed 15-year income tax exemption for foreign companies trading rough diamonds through Special Notified Zones could help India transition from a major diamond processing centre into a global diamond trading hub.

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