India’s gem and jewellery exports rose 2.44% to US$ 9.17 billion during April–July 2026, driven by strong performance in value-added segments including studded gold jewellery, silver jewellery, platinum jewellery and polished lab-grown diamonds.
Quick Summary
- India’s gross gem and jewellery exports reached US$ 9.17 billion in April–July 2026.
- Exports registered 2.44% growth in US Dollar terms and 13.58% growth in Rupee terms.
- Studded gold jewellery exports rose 21.09% to US$ 2.24 billion.
- Silver jewellery exports surged 72.19% to US$ 508.18 million.
- Platinum jewellery exports increased 17.20% to US$ 77.82 million.
- Polished lab-grown diamond exports increased 7.47% to US$ 408.50 million.
- Cut & polished diamond exports declined 8.00% to US$ 3.60 billion.
- July 2026 gross exports stood at US$ 2.35 billion.
- Studded gold jewellery exports increased 21.36% year-on-year in July 2026.
Value-Added Segments Lead Export Growth
The growth has been led by value-added segments. Studded gold jewellery exports rose 21.09% to US$ 2.24 billion, silver jewellery surged 72.19% to US$ 508.18 million, platinum jewellery grew 17.20% to US$ 77.82 million, and polished lab-grown diamond exports increased 7.47% to US$ 408.50 million during the four-month period.
July 2026 Exports Remain Stable
For July 2026, gross exports were largely stable at US$ 2.35 billion (Rs. 22,511.64 crore), compared with US$ 2.34 billion (Rs. 20,157.76 crore) in July 2025 — a marginal increase of 0.38% in US Dollar terms and 11.68% in Rupee terms. Performance during the month was carried by gold jewellery exports, which rose 8.73%, with studded gold jewellery up 21.36% on demand from the UAE, Hong Kong, Singapore and the UK.
Gold Prices Continue to Ease
Gold prices continued to ease during the month, declining a further 3.88% from US$ 4,238.32 per troy ounce in June 2026 to US$ 4,073.92 per troy ounce in July 2026. This follows the 10.28% month-on-month correction recorded in June, marking a second consecutive month of softening prices.
Kirit Bhansali Highlights Resilience in India’s Export Performance
Kirit Bhansali, Chairman, GJEPC, said, “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. 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, attracting over 61,000 visitors, including more than 5,000 international visitors from 80 countries. The business generated at the show is expected to translate into shipments in the coming months, and we are confident this will contribute positively to India’s export performance ahead.”
Taxation and Other Laws (Amendment) Bill 2026
Commenting on the recently introduced Taxation and Other Laws (Amendment) Bill 2026, Shri Kirit Bhansali further said, ” This is a defining moment for India’s diamond industry. India is already the world’s leading centre for cutting and polishing diamonds, yet we have been entirely dependent on imports for rough diamonds. By providing a 15-year income tax exemption to foreign companies trading rough diamonds through our Special Notified Zones, this new law removes a long-standing structural barrier. It positions India to evolve from a processing powerhouse into a global diamond trading hub.”
April–July 2026: Product-wise Export Performance
- Gold Jewellery (Plain & Studded) exports grew 5.87% to US$ 4.03 billion (Rs. 38,306.90 crore) during April–July 2026, compared to US$ 3.81 billion in the corresponding period last year. The growth was driven by strong demand from USA, Singapore, Hongkong, and UK.
- Plain Gold Jewellery exports declined 8.46% to US$ 1.80 billion (Rs. 17,081.08 crore) during April–July 2026, compared to US$ 1.96 billion in the corresponding period last year.
- Studded Gold Jewellery exports grew 21.09% to US$ 2.24 billion (Rs. 21,225.82 crore) during April–July 2026, compared to US$ 1.85 billion in the corresponding period last year. The growth was driven by strong demand from USA, UAE, Hongkong, Saudi Arabia, and UK.
- Cut & Polished Diamonds exports declined 8.00% to US$ 3.60 billion (Rs. 34,171.72 crore) during April–July 2026, compared to US$ 3.91 billion in the corresponding period last year.
- Silver Jewellery exports surged 72.19% to US$ 508.18 million (Rs. 4,796.69 crore) during April–July 2026, compared to US$ 295.13 million in the corresponding period last year. The growth was driven by strong demand from Hongkong, USA, UK, Thailand, and Germany.
- Platinum Jewellery exports increased 17.20% to US$ 77.82 million (Rs. 738.43 crore) during April–July 2026, compared to US$ 66.40 million in the corresponding period last year. The growth was driven by strong demand from USA, Switzerland, and Germany.
- Polished Lab-Grown Diamonds exports increased 7.47% to US$ 408.50 million (Rs. 3,881.43 crore) during April–July 2026, compared to US$ 380.09 million in the corresponding period last year. The growth was driven by strong demand from Hongkong, Israel, and Canada.
- Coloured Gemstones exports declined 13.04% to US$ 103.54 million (Rs. 982.71 crore) during April–July 2026, compared to US$ 119.07 million in the corresponding period last year.
July 2026: Product-wise Export Performance
- Gold Jewellery (Plain & Studded) exports increased 8.73% year-on-year to US$ 1.04 billion (Rs. 9,972.09 crore). The growth was driven by strong demand from UAE, Hongkong, Singapore, and UK.
- Plain Gold Jewellery exports declined 3.42% year-on-year to US$ 471.42 million (Rs. 4,517.15 crore).
- Studded Gold Jewellery exports grew 21.36% year-on-year to US$ 569.44 million (Rs. 5,454.95 crore). The growth was driven by strong demand from UAE, Hongkong, and Singapore.
- Cut & Polished Diamonds exports declined 18.23% year-on-year to US$ 876.39 million (Rs. 8,397.82 crore).
- Silver Jewellery exports declined 0.23% year-on-year to US$ 76.88 million (Rs. 736.42 crore).
- Platinum Jewellery exports declined 6.33% year-on-year to US$ 19.15 million (Rs. 183.62 crore).
- Polished Lab-Grown Diamonds exports declined 8.23% year-on-year to US$ 112.26 million (Rs. 1,076.04 crore).
- Coloured Gemstones exports declined 4.53% year-on-year to US$ 21.30 million (Rs. 204.14 crore).
About The Gem and Jewellery Export Promotion Council (GJEPC)
The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays into the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 11000+ members in the sector. With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.
FAQs
What were India’s gem and jewellery exports during April–July 2026?
India’s gross gem and jewellery exports stood at US$ 9.17 billion during April–July 2026.
What was the growth in India’s gem and jewellery exports during April–July 2026?
Exports registered 2.44% growth in US Dollar terms and 13.58% growth in Rupee terms.
Which segment led India’s gem and jewellery export growth?
Studded gold jewellery led the growth, with exports rising 21.09% to US$ 2.24 billion during April–July 2026.
How much did silver jewellery exports grow during April–July 2026?
Silver jewellery exports surged 72.19% to US$ 508.18 million.
How did polished lab-grown diamond exports perform during April–July 2026?
Polished lab-grown diamond exports increased 7.47% to US$ 408.50 million.
How did cut and polished diamond exports perform during April–July 2026?
Cut & polished diamond exports declined 8.00% to US$ 3.60 billion.
What were India’s gem and jewellery exports in July 2026?
Gross exports were largely stable at US$ 2.35 billion in July 2026.
Which jewellery segment recorded strong growth in July 2026?
Studded gold jewellery exports grew 21.36% year-on-year to US$ 569.44 million in July 2026.
What happened to gold prices in July 2026?
Gold prices declined a further 3.88% from US$ 4,238.32 per troy ounce in June 2026 to US$ 4,073.92 per troy ounce in July 2026.
Source: SVAR Media Network
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