August Jewellery Exports Rise on Strong Value-Added Demand

India’s gem and jewellery exports continued their positive momentum in August 2026, with gross exports increasing 3.14% in US dollar terms and 12.52% in rupee terms year-on-year to US$ 2.30 billion (Rs. 21,945.87 crore), compared to US$ 2.23 billion (Rs. 19,503.52 crore) in August 2025.

Quick Summary

India’s gross gem and jewellery exports rose 3.14% in US dollar terms to US$2.30 billion in August 2026.
Studded gold jewellery exports surged 51.22% to US$642.85 million.
Cut and polished diamond export volumes increased 3.23% to 13.36 lakh carats.
Plain gold jewellery exports declined 23.90% in US dollar terms.
Polished lab-grown diamond exports grew 28.45% in US dollar terms during August 2026.
Platinum jewellery and coloured gemstone exports also recorded strong growth.
April–August 2026 gross gem and jewellery exports reached US$11.47 billion.
The performance highlights India’s increasing focus on value addition, design and finished jewellery manufacturing.

Value Addition Drives August Jewellery Exports as Studded Gold Jewellery Rises 51.22% to US$642.85 Million

Gross Gem & Jewellery Exports Rise 3.14% to US$2.30 Billion in August
Cut and polished diamond exports, in volume terms, rose by 3.23%, from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026, indicating early signs of renewed demand and positive momentum in the global diamond market.

India’s Gem and Jewellery Exports Maintain Positive Momentum

Value-Added Jewellery Shows Strong Performance

A notable trend during the month was the strong performance of value-added jewellery exports. While cut and polished diamond exports remained under pressure in value terms, the volume of cut and polished diamonds exported increased from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026. At the same time, studded gold jewellery exports surged 51.22% in US dollar terms, indicating growing demand for finished and value-added jewellery from international markets.

India’s Shift Towards Greater Value Addition

This shift towards value addition is significant for India’s gem and jewellery ecosystem, as more diamonds are being incorporated into finished jewellery within the country, creating greater value across the manufacturing chain and supporting employment and economic activity.

GJEPC Chairman Highlights Industry Resilience

Shri Kirit Bhansali, Chairman, GJEPC, said “August’s export performance reflects the resilience and adaptability of India’s gem and jewellery industry. The increase in diamond export volumes, along with the sharp growth in studded gold jewellery exports, highlights India’s growing ability to create greater value by transforming precious materials into finished jewellery.

This marks an important step in India’s evolution from a major processing centre to a global hub for design, manufacturing and value addition. With continued policy support, innovation and access to international markets, India is well positioned to capture a larger share of value across the global jewellery supply chain.”

Plain Gold Jewellery Exports Decline

Plain Gold Jewellery exports declined -23.90% in US dollar terms and -17.00% in rupee terms year-on-year to US$356.97 million (₹3408.32 crore). The decline comes amid elevated gold prices and the limited availability of duty-free gold for exporters, which has increased input costs and put pressure on the competitiveness of plain gold jewellery exports.

Gold Prices Rise in August 2026

Gold prices increased by (+)8.27% month-on-month, rising from US$ 4,073.92 per troy ounce in July 2026 to US$ 4,410.89 per troy ounce in August 2026.

April–August 2026 Overall Export Performance

For the April–August 2026 period, India’s overall gross gem and jewellery exports stood at US$ 11.47 billion (Rs. 109,023.88 crore), registering a 2.58% growth in US dollar terms and a 13.36% growth in rupee terms over the corresponding period last year, demonstrating the sector’s resilience amid continued global economic uncertainties and elevated precious metal prices.

August 2026: Product-wise Export Performance

Gold Jewellery (Plain & Studded) exports increased 11.81% in US dollar terms and 21.96% in rupee terms year-on-year to US$ 999.83 million (Rs. 9,546.12 crore). The growth was driven by strong demand from USA, Hongkong, Singapore, UK, and France.
Plain Gold Jewellery exports declined 23.90% in US dollar terms and -17.00% in rupee terms year-on-year to US$ 356.97 million (Rs. 3,408.32 crore).
Studded Gold Jewellery exports surged 51.22% in US dollar terms and 64.96% in rupee terms year-on-year to US$ 642.85 million (Rs. 6,137.81 crore). The growth was driven by strong demand from USA, UAE, Hongkong, UK, and France.
Cut & Polished Diamonds exports declined -4.93% in US dollar terms and a +3.74% growth in rupee terms year-on-year to US$ 924.51 million (Rs. 8,828.65 crore).
In volume terms, Cut and polished diamond exports rose by 3.23%, from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026.
Silver Jewellery exports declined 39.66% in US dollar terms and -34.20% in rupee terms year-on-year to US$ 86.68 million (Rs. 827.20 crore).
Platinum Jewellery exports grew 29.09% in US dollar terms and 40.90% in rupee terms year-on-year to US$ 22.50 million (Rs. 214.94 crore). The growth was driven by strong demand from USA, UK, Netherland, and Canada.
Polished Lab-Grown Diamonds exports grew 28.45% in US dollar terms and 40.19% in rupee terms year-on-year to US$ 125.17 million (Rs. 1,195.18 crore). The growth was driven by strong demand from Hongkong, Israel, Thailand, Russia, and Canada.
Coloured Gemstones exports grew 34.40% in US dollar terms and 46.64% in rupee terms year-on-year to US$ 49.07 million (Rs. 468.78 crore). The growth was driven by strong demand from Thailand, Hongkong, Italy, and USA.

April–August 2026: Product-wise Export Performance

Gold Jewellery (Plain & Studded) exports increased 7.00% in US dollar terms and 18.33% in rupee terms to US$ 5.03 billion (Rs. 47,853.03 crore) during April–August 2026, compared to US$ 4.70 billion in the corresponding period last year.
Plain Gold Jewellery exports declined 11.44% in US dollar terms and -2.04% in rupee terms to US$ 2.15 billion (Rs. 20,489.39 crore) during April–August 2026, compared to US$ 2.43 billion in the corresponding period last year.
Studded Gold Jewellery exports grew 26.73% in US dollar terms and 40.16% in rupee terms to US$ 2.88 billion (Rs. 27,363.63 crore) during April–August 2026, compared to US$ 2.27 billion in the corresponding period last year.
Cut & Polished Diamonds exports declined 7.38% in US dollar terms and a +2.35% growth in rupee terms to US$ 4.52 billion (Rs. 43,000.37 crore) during April–August 2026, compared to US$ 4.88 billion in the corresponding period last year.
Silver Jewellery exports grew 35.57% in US dollar terms and 48.57% in rupee terms to US$ 594.86 million (Rs. 5,623.89 crore) during April–August 2026, compared to US$ 438.79 million in the corresponding period last year.
Platinum Jewellery exports increased 19.67% in US dollar terms and 32.08% in rupee terms to US$ 100.32 million (Rs. 953.36 crore) during April–August 2026, compared to US$ 83.83 million in the corresponding period last year.
Polished Lab-Grown Diamonds exports increased 11.76% in US dollar terms and 23.49% in rupee terms to US$ 533.67 million (Rs. 5,076.61 crore) during April–August 2026, compared to US$ 477.53 million in the corresponding period last year.
Coloured Gemstones exports declined 1.92% in US dollar terms and a +8.45% growth in rupee terms to US$ 152.61 million (Rs. 1,451.49 crore) during April–August 2026, compared to US$ 155.59 million in the corresponding period last year.

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 was India’s gross gem and jewellery export value in August 2026?

India’s gross gem and jewellery exports stood at US$2.30 billion in August 2026, increasing 3.14% in US dollar terms year-on-year.

How much did studded gold jewellery exports grow in August 2026?

Studded gold jewellery exports surged 51.22% in US dollar terms to US$642.85 million in August 2026.

Did cut and polished diamond export volumes increase in August 2026?

Yes. Cut and polished diamond export volumes rose 3.23%, from 12.94 lakh carats in August 2025 to 13.36 lakh carats in August 2026.

How did plain gold jewellery exports perform in August 2026?

Plain Gold Jewellery exports declined 23.90% in US dollar terms year-on-year to US$356.97 million.

How did lab-grown diamond exports perform in August 2026?

Polished Lab-Grown Diamonds exports grew 28.45% in US dollar terms to US$125.17 million in August 2026.

What was the overall gem and jewellery export performance from April to August 2026?

India’s overall gross gem and jewellery exports stood at US$11.47 billion during April–August 2026, registering 2.58% growth in US dollar terms year-on-year.

Which jewellery categories recorded growth in August 2026?

Studded gold jewellery, platinum jewellery, polished lab-grown diamonds and coloured gemstones recorded growth in US dollar terms during August 2026.

Source: SVAR Media Network

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