India’s gem and jewellery exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025.
Quick Summary
- India’s gross gem and jewellery exports rose 9.43% in US dollar terms to US$ 2.95 billion in September 2026.
- Exports for April–September 2026 reached US$ 14.30 billion, registering 3.07% growth in US dollar terms.
- Studded Gold Jewellery exports increased 31.31% to US$ 3.69 billion during the first half of FY2026–27.
- Polished Lab-Grown Diamonds exports grew 17.08% to US$ 685.10 million during April–September 2026.
- Silver Jewellery exports increased 23.10% to US$ 729.32 million during the same period.
- Cut & Polished Diamonds exports declined 6.96% in US dollar terms, while export volumes increased 4.64%.
H1 FY2026–27 Performance: Exports Reach US$ 14.30 Billion, Up 3.07% Year-on-Year
Plain Gold Jewellery Exports Face Market Challenges
Plain Gold Jewellery exports declined 8.81% in US dollar terms to US$ 2.53 billion in H1 FY2026–27, amid continuing market challenges in the Middle East, a key export destination.
Studded Gold Jewellery Exports Record Strong Growth
Studded Gold Jewellery exports grew 31.31% in US dollar terms to US$ 3.69 billion, supported by improved market access through FTAs, reduced US tariffs, and strong performance in key markets such as Hong Kong, Singapore and France.
Cut & Polished Diamonds Show Signs of Improvement
Cut & Polished Diamonds exports stood at US$ 5.81 billion, declined 6.96% during April–September 2026, while export volumes rose 4.64% to 83.98 lakh carats from 80.26 lakh carats for the same period last year. Diamond prices are showing signs of improvement, with the decline in export value showing signs of tapering.
Polished Lab-Grown Diamonds Exports Increase
Polished Lab-Grown Diamonds exports increased 17.08% in US dollar terms to US$ 685.10 million during April–September 2026, with steady prices supporting positive export performance.
Silver Jewellery Exports Continue to Grow
Silver Jewellery exports grew 23.10% in US dollar terms and 34.36% in rupee terms to US$ 729.32 million (Rs. 6,908.90 crore) during April–September 2026, supported by rising demand for higher-value, design-led pieces in key international markets.
September 2026 Export Performance
India’s gem and jewellery exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025.
First-Half FY2026–27 Export Performance
For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion (Rs. 136,068.27 crore), registering growth of 3.07% in US dollar terms and 13.40% in rupee terms over the corresponding period last year. The performance reflects continued export growth despite global uncertainties, with strong gains in studded gold jewellery, silver jewellery and polished lab-grown diamonds helping support the sector.
Chairman, GJEPC, Comments on Export Performance
Commenting on the export performance, Shri Kirit Bhansali, Chairman, GJEPC, said, “The 9.43% growth in exports in September and the 3.07% increase during the first half of FY2026–27 are encouraging, demonstrating that India’s gem and jewellery exports continue to grow despite an uncertain global trade environment.
Studded Gold Jewellery Benefits from Improved Trade Access
Studded gold jewellery has emerged as a strong performer, with exports growing 31.31% in US dollar terms to US$ 3.69 billion during April–September 2026. The growth reflects the benefits of improved trade access under the India–UK trade agreement and reduced US tariffs, alongside strong performance in key markets such as Hong Kong, Singapore and France.
Gold Prices Rise During April–September 2026
Gold prices rose 31.17% in US dollar terms to US$ 4,415.70 per troy ounce during April–September 2026, compared to US$ 3,366.44 per troy ounce in the corresponding period last year.
Plain Gold Jewellery Exports Face Continuing Challenges
“The sharp rise in gold prices has added to the challenges facing plain gold jewellery exports, which declined 8.81% to US$ 2.53 billion. Demand and market conditions remain challenging, particularly in the Middle East, an important destination for plain gold jewellery exports.”
Cut and Polished Diamonds Show Encouraging Signs
“Cut and polished diamonds are showing encouraging signs, with prices improving in recent months and export volumes increasing 4.64% to 83.98 lakh carats during April–September 2026. In value terms, exports stood at US$ 5.81 billion, decline of 6.96%, however, recorded 2.31% growth in rupee terms. The rise in export volumes, coupled with improving diamond prices and positive growth in rupee terms, signals a gradual recovery in the cut and polished diamond segment.
Lab-Grown Diamonds and Silver Jewellery Support Export Growth
“Polished lab-grown diamonds have also delivered positive results, with exports growing 17.08% to US$ 685.10 million, supported by steady prices. Silver jewellery exports rose 23.10%, reflecting growing demand for higher-value, design-led collections in international markets. These trends highlight the industry’s ability to adapt to changing market conditions through product innovation, value addition and market diversification. We remain optimistic that these positive developments will help sustain export growth in the coming months.”
April–September 2026: Product-wise Export Performance
Gold Jewellery (Plain & Studded)
Gold Jewellery (Plain & Studded) exports increased 11.37% in US dollar terms and 22.73% in rupee terms to US$ 6.23 billion (Rs. 59,266.28 crore) during April–September 2026, compared to US$ 5.59 billion in the corresponding period last year.
Plain Gold Jewellery
Plain Gold Jewellery exports declined 8.81% in US dollar terms and 0.58% growth in rupee terms to US$ 2.53 billion (Rs. 24,126.58 crore) during April–September 2026, compared to US$ 2.78 billion in the corresponding period last year.
Studded Gold Jewellery
Studded Gold Jewellery exports grew 31.31% in US dollar terms and 44.60% in rupee terms to US$ 3.69 billion (Rs. 35,139.71 crore) during April–September 2026, compared to US$ 2.81 billion in the corresponding period last year.
Cut & Polished Diamonds
Cut & Polished Diamonds exports declined 6.96% in US dollar terms and a +2.31% growth in rupee terms to US$ 5.81 billion (Rs. 55,336.16 crore) during April–September 2026, compared to US$ 6.25 billion in the corresponding period last year.
Silver Jewellery
Silver Jewellery exports grew 23.10% in US dollar terms and 34.36% in rupee terms to US$ 729.32 million (Rs. 6,908.90 crore) during April–September 2026, compared to US$ 592.44 million in the corresponding period last year.
Platinum Jewellery
Platinum Jewellery exports increased 15.75% in US dollar terms and 27.19% in rupee terms to US$ 123.29 million (Rs. 1,172.75 crore) during April–September 2026, compared to US$ 106.51 million in the corresponding period last year.
Polished Lab-Grown Diamonds
Polished Lab-Grown Diamonds exports increased 17.08% in US dollar terms and 28.85% in rupee terms to US$ 685.10 million (Rs. 6,522.15 crore) during April–September 2026, compared to US$ 585.14 million in the corresponding period last year.
Coloured Gemstones
Coloured Gemstones exports declined 3.80% in US dollar terms and a 5.37% growth in rupee terms to US$ 227.55 million (Rs. 2,163.22 crore) during April–September 2026, compared to US$ 236.55 million in the corresponding period last year.
September 2026: Product-wise Export Performance
Gold Jewellery (Plain & Studded)
Gold Jewellery (Plain & Studded) exports increased 34.01% in US dollar terms and 44.82% in rupee terms year-on-year to US$ 1.19 billion (Rs. 11,368.96 crore).
Plain Gold Jewellery
Plain Gold Jewellery exports increased 8.76% in US dollar terms and 17.48% in rupee terms year-on-year to US$ 378.03 million (Rs. 3,609.23 crore).
Studded Gold Jewellery
Studded Gold Jewellery exports increased 50.24% in US dollar terms and 62.39% in rupee terms year-on-year to US$ 812.62 million (Rs. 7,759.73 crore).
Cut & Polished Diamonds
Cut & Polished Diamonds exports declined 5.44% in US dollar terms and a 2.15% growth in rupee terms year-on-year to US$ 1.29 billion (Rs. 12,335.79 crore).
Silver Jewellery
Silver Jewellery exports declined 12.49% in US dollar terms and -5.29% in rupee terms year-on-year to US$ 134.46 million (Rs. 1,285.01 crore).
Platinum Jewellery
Platinum Jewellery exports increased 1.27% in US dollar terms and 9.57% in rupee terms year-on-year to US$ 22.97 million (Rs. 219.38 crore).
Polished Lab-Grown Diamonds
Polished Lab-Grown Diamonds exports grew 40.72% in US dollar terms and 52.07% in rupee terms year-on-year to US$ 151.43 million (Rs. 1,445.53 crore).
Coloured Gemstones
Coloured Gemstones exports declined 7.44% in US dollar terms and -0.39% in rupee terms year-on-year to US$ 74.94 million (Rs. 711.73 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 in 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
How much did India’s gem and jewellery exports reach in September 2026?
India’s gross gem and jewellery exports reached US$ 2.95 billion in September 2026, up 9.43% in US dollar terms year-on-year.
What were India’s total gem and jewellery exports during April–September 2026?
India’s gross gem and jewellery exports reached US$ 14.30 billion during April–September 2026, registering 3.07% growth in US dollar terms.
Which jewellery segment recorded the strongest growth during April–September 2026?
Studded Gold Jewellery exports grew 31.31% in US dollar terms to US$ 3.69 billion during April–September 2026.
How did polished lab-grown diamond exports perform during the first half of FY2026–27?
Polished Lab-Grown Diamonds exports increased 17.08% in US dollar terms to US$ 685.10 million during April–September 2026.
How did silver jewellery exports perform during April–September 2026?
Silver Jewellery exports grew 23.10% in US dollar terms to US$ 729.32 million during April–September 2026.
What was the performance of cut and polished diamond exports?
Cut & Polished Diamonds exports declined 6.96% in US dollar terms to US$ 5.81 billion during April–September 2026, while export volumes rose 4.64% to 83.98 lakh carats.
Which organisation reported India’s gem and jewellery export figures?
The Gem & Jewellery Export Promotion Council (GJEPC) reported the export figures.
Source: SVAR Media Network
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