India’s gem and jewellery exports declined 9.07% year-on-year to US$ 2,226.45 million in April 2026 amid continued pressure on cut and polished diamonds and plain gold jewellery exports. While cut and polished diamond exports fell 19.65% and plain gold jewellery exports dropped sharply by 47.06%, segments such as studded gold jewellery, silver jewellery, platinum jewellery, and coloured gemstones recorded strong growth. Silver jewellery emerged as the best-performing category with exports surging 444.040%, while platinum jewellery exports rose 90.29%. Overall imports of gems and jewellery also declined 9.54%, with rough diamond imports falling 29.36%, reflecting softer global demand and volatility in bullion prices across the industry.
Quick Summary
- India’s gem and jewellery exports declined 9.07% to US$ 2,226.45 million in April 2026.
- Overall imports declined 9.54% to US$ 1,838.57 million.
- Cut and polished diamond exports fell 19.65%.
- Plain gold jewellery exports declined sharply by 47.06%.
- Studded gold jewellery exports grew 16.02%.
- Silver jewellery exports surged 444.04%.
- Platinum jewellery exports increased 90.29%.
- Rough diamond imports declined 29.36%.
- Lab-grown diamond exports declined 15.53%.
- Coloured gemstone exports registered 1.98% growth.
Overall Industry Performance
India’s gem and jewellery industry witnessed a decline in overall exports and imports during April 2026, reflecting continued pressure on global demand, volatility in bullion prices, and weakness in key product segments such as cut and polished diamonds and plain gold jewellery. However, categories including studded gold jewellery, silver jewellery, platinum jewellery, and coloured gemstones recorded strong growth during the month.
Overall Export and Import Performance
According to the provisional statistics submitted by the Gem & Jewellery Export Promotion Council (GJEPC) to the Department of Commerce, overall gross exports of gems and jewellery during April 2026 stood at US$ 2,226.45 million (Rs. 20,825.01 crore), registering a decline of 9.07% in dollar terms and 0.61% in rupee terms compared to US$ 2,448.53 million (Rs. 20,952.26 crore) during the same period last year.
Overall gross imports of gems and jewellery during April 2026 were reported at US$ 1,838.57 million (Rs. 17,195.56 crore), down 9.54% in dollar terms and 1.10% in rupee terms compared to US$ 2,032.56 million (Rs. 17,386.88 crore) recorded in April 2025.
Commodity-Wise Export Performance
The commodity-wise export data for April 2026 highlighted mixed performance across major categories.
| Commodity | April 2025 (US$ Mn) | April 2026 (US$ Mn) | YoY Growth/Decline |
|---|---|---|---|
| Cut & Polished Diamonds | 1,108.74 | 890.91 | -19.65% |
| Polished Lab Grown Diamonds | 110.43 | 93.28 | -15.53% |
| Coloured Gemstones | 30.43 | 31.03 | +1.98% |
| Plain Gold Jewellery | 644.33 | 341.08 | -47.06% |
| Studded Gold Jewellery | 431.35 | 500.46 | +16.02% |
| Silver Jewellery | 49.33 | 268.38 | +444.04% |
| Platinum Jewellery | 11.62 | 22.10 | +90.29% |
| Others | 62.31 | 79.20 | +27.11% |
| Gross Exports | 2,448.53 | 2,226.45 | -9.07% |
Cut & Polished Diamond Exports
Exports of cut and polished diamonds continued to remain under pressure during April 2026. Gross exports of cut and polished diamonds stood at US$ 890.91 million (Rs. 8,338.8 crore), reflecting a decline of 19.65% in dollar terms and 12.10% in rupee terms compared to US$ 1,108.74 million (Rs. 9,486.88 crore) during April 2025.
In volume terms, exports declined by 1.54% to 13.40 lakh carats from 13.61 lakh carats during the previous year. The per-carat value during April 2026 stood at US$ 664.86.
Cut & Polished Diamond Imports
Despite weak export performance, imports of cut and polished diamonds recorded significant growth during the month. Overall gross imports rose to US$ 222.02 million (Rs. 2,072.99 crore), showing growth of 260.20% in dollar terms and 293.07% in rupee terms compared to US$ 61.64 million (Rs. 527.39 crore) during April 2025.
Imports into the Domestic Tariff Area (DTA) stood at US$ 24.18 million (Rs. 225.57 crore), reflecting growth of 30.8% in dollar terms and 42.52% in rupee terms over US$ 18.49 million (Rs. 158.27 crore) recorded during the corresponding period.
Imports into Special Economic Zones (SEZs) increased sharply to US$ 197.84 million (Rs. 1,847.42 crore), registering growth of 358.47% in dollar terms and 400.5% in rupee terms compared to US$ 43.15 million (Rs. 369.12 crore) during the previous year.
Rough Diamond Imports
Gross imports of rough diamonds during April 2026 stood at US$ 847.67 million (Rs. 7,908.72 crore), showing a decline of 29.36% in dollar terms and 22.96% in rupee terms compared to US$ 1,200.06 million (Rs. 10,265.19 crore) during April 2025.
In volume terms, rough diamond imports declined by 14.13% to 90.50 lakh carats from 105.39 lakh carats during the previous year. The per-carat value for April 2026 stood at US$ 93.65.
Lab-Grown Diamond Exports
Provisional gross exports of polished lab-grown diamonds during April 2026 stood at US$ 93.28 million (Rs. 872.16 crore), recording a decline of 15.53% in dollar terms and 7.63% in rupee terms compared to US$ 110.43 million (Rs. 944.21 crore) during April 2025.
However, in volume terms, exports of worked lab-grown diamonds recorded marginal growth. Export volumes increased by 0.36% to 13.59 lakh carats compared to 13.54 lakh carats during the previous year. The per-carat value during April 2026 stood at US$ 68.59.
Overall Gold Jewellery Exports
Total gross exports of gold jewellery, including plain and studded categories, stood at US$ 841.54 million (Rs. 7,865.16 crore) during April 2026. This represented a decline of 21.77% in dollar terms and 14.57% in rupee terms compared to US$ 1,075.67 million (Rs. 9,206.46 crore) during the same period last year.
Plain Gold Jewellery Exports
Plain gold jewellery exports recorded one of the steepest declines among all categories during April 2026. Exports stood at US$ 341.08 million (Rs. 3,187.76 crore), showing a decline of 47.06% in dollar terms and 42.21% in rupee terms compared to US$ 644.33 million (Rs. 5,516.21 crore) during April 2025.
The report also noted that export value growth in gold jewellery incorporates volatility in gold bar prices, which are primary raw materials used in jewellery manufacturing. According to the report, gold bar prices increased substantially during the period.
| Gold Bar Rates | April 2025 | April 2026 | Growth |
|---|---|---|---|
| US$/troy oz | 3,207.48 | 4,723.88 | +47.28% |
| US$/10 gms | 1,031.23 | 1,518.76 | +47.28% |
| Rs./10 gms | 88,310 | 141,902.30 | +60.69% |
Source: LMBA
Studded Gold Jewellery Exports
In contrast to plain gold jewellery, studded gold jewellery exports recorded positive growth during April 2026. Exports increased to US$ 500.46 million (Rs. 4,677.41 crore), up 16.02% in dollar terms and 26.75% in rupee terms compared to US$ 431.35 million (Rs. 3,690.24 crore) during April 2025.
Silver Jewellery Exports
Silver jewellery exports recorded the highest growth among all major gem and jewellery categories during April 2026. Provisional exports surged to US$ 268.38 million (Rs. 2,511.17 crore), reflecting growth of 444.04% in dollar terms and 495.13% in rupee terms compared to US$ 49.33 million (Rs. 421.95 crore) during April 2025.
The report highlighted that growth in silver jewellery values also reflects volatility in silver bar prices.
| Silver Bar Rates | April 2025 | April 2026 | Growth |
|---|---|---|---|
| US$/troy oz | 32.26 | 75.75 | +134.78% |
| US$/10 gms | 10.37 | 24.35 | +134.81% |
| Rs./10 gms | 888.05 | 2,275.09 | +156.19% |
Source: LMBA
Platinum Jewellery Exports
Platinum jewellery exports also recorded strong growth during April 2026. Provisional exports stood at US$ 22.10 million (Rs. 206.57 crore), showing growth of 90.29% in dollar terms and 107.81% in rupee terms compared to US$ 11.62 million (Rs. 99.41 crore) during April 2025.
The report further noted significant increases in platinum bar prices during the period.
| Platinum Bar Rates | April 2025 | April 2026 | Growth |
|---|---|---|---|
| US$/troy oz | 958.20 | 2,043.76 | +113.29% |
| US$/10 gms | 308.07 | 657.09 | +113.29% |
| Rs./10 gms | 26,381.88 | 61,393.89 | +132.71% |
Source: LMBA
Coloured Gemstones Exports
Exports of coloured gemstones during April 2026 stood at US$ 31.03 million (Rs. 290.44 crore), recording growth of 1.98% in dollar terms and 11.72% in rupee terms compared to US$ 30.43 million (Rs. 259.96 crore) during April 2025.
Gold Medallions and Coins Exports
Exports of gold medallions and coins also registered substantial growth during April 2026. Provisional exports stood at US$ 1.39 million (Rs. 12.91 crore), reflecting growth of 153.92% in dollar terms and 175.92% in rupee terms compared to US$ 0.55 million (Rs. 4.68 crore) during the same period last year.
GJEPC Notes on Provisional Data
The council stated that the data for April 2026 is provisional and noted that DGCI&S data was not available for the month. As a result, comparisons were carried out only using figures available with the council. The report was submitted by Sabyasachi Ray, Executive Director, GJEPC, to the Department of Commerce on May 9, 2026.
FAQ
Why did India’s gem and jewellery exports decline in April 2026?
India’s gem and jewellery exports declined mainly due to weak performance in cut and polished diamonds and plain gold jewellery, along with global demand pressures and high bullion prices.
Which segment recorded the highest growth in April 2026?
Silver jewellery recorded the highest growth, with exports rising 444.04% year-on-year.
How much did cut and polished diamond exports decline?
Cut and polished diamond exports declined 19.65% to US$ 890.91 million in April 2026.
What was the performance of lab-grown diamond exports?
Polished lab-grown diamond exports declined 15.53% to US$ 93.28 million during April 2026.
Did gold jewellery exports decline overall?
Yes, total gold jewellery exports declined 21.77% year-on-year during April 2026.
Why did silver and platinum jewellery exports rise sharply?
The increase was supported by strong export demand and significant rise in bullion prices during the period.
Source: SVAR Media Network
About SVAR Media Network – India’s Best Source for Jewellery News, Magazines, Newsletters and Media
SVAR Media Network is India’s No. 1 Destination for Jewellery News, setting the gold standard in timely, trusted, & trend-driven coverage across the Gems & Jewellery industry. As the Most Followed Jewellery Magazine & Media House in India, SVAR delivers Daily Jewellery News India Updates, market insights, & global developments through its platforms like Jewellery Magazine, Newsletters, AI Powered News Bulletins, Website, Social Media, Podcasts, & much more.
Recognized as Asia’s one of the Best Media in Jewellery & one of the World’s Best Jewellery Media, SVAR Media Network sets Unparalleled Standards in the Gems & Jewellery industry. SVAR is the Most Trusted & Widely Read Voice in the Gems & Jewellery Community.
Renowned as India’s Best Jewellery Magazine & Leading Jewellery Media, SVAR blends legacy with cutting-edge innovation by delivering:
- Best in class Jewellery Magazine for the Gems & Jewellery Industry & Jewellery Enthusiasts
- Real-time AI-Powered Jewellery News via SVARA AI, the World’s First AI Anchor in Fashion, Gems & Jewellery Industry
- India’s One of the First Gems & Jewellery Podcasts
- Digital Jewellery Newsletters for professionals and enthusiasts
- ISO 9001:2015 Certification, the first in the jewellery-media sector, proving our commitment to excellence
- Asia’s First & World’s Second Meta Verified Jewellery Media Brand
Ranked #1 among the Top 5 Gems & Jewellery News Websites, Top 10 Jewellery Magazines in India, & Most Influential Jewellery Media Brands, SVAR Media Network is your Trusted Source for Accurate, Fast, & Future-Focused Jewellery News.
SVAR Media Network is India’s No 1 Digital Media in Jewellery Industry & continues to be the Leading Jewellery Magazine & a Global Leader in Jewellery Media. SVAR Media Network offers a diverse range of services, including: Monthly Magazines, Digital Newsletters, Al-Driven News Bulletins, Social Media Promotions, Website Blogs & Articles, WhatsApp Updates, Podcasts & more…
Whether you seek updates on New Launches, Trade Shows, Celebrity Campaigns, Trends or Market Movements, SVAR is the Authority in Jewellery News India & beyond.
Explore the World of Gems & Jewellery with SVAR Media Network — Your Best Source for Trusted, Trend-Setting Jewellery News & Mediapp Updates, Podcasts & more…
