India’s Gem & Jewellery Exports Surge 34.01% to US$ 2.92 Billion in October 2026

India’s gem and jewellery exports registered a robust growth of 34.01% in US dollar terms and 44.71% in rupee terms in October 2026, reaching US$ 2.92 billion (Rs. 27,862.82 crore), compared to US$ 2.18 billion (Rs. 19,253.60 crore) in October 2025.

Quick Summary

India’s gem and jewellery exports increased 34.01% in US dollar terms to US$ 2.92 billion in October 2026.
Exports increased 44.71% in rupee terms to Rs. 27,862.82 crore.
Cumulative exports during April–October 2026 reached US$ 17.22 billion, registering 7.28% growth in US dollar terms.
Cut & Polished Diamond exports grew 10.50% in October 2026.
Gold Jewellery exports increased 48.20%, while Studded Gold Jewellery exports surged 67.30%.
Silver Jewellery exports grew 55.52% in October 2026.
Polished Lab-Grown Diamonds exports registered 81.02% growth.
Coloured Gemstones exports increased 71.46%, while Platinum Jewellery exports grew 23.85%.
Strong international orders ahead of the Christmas and holiday shopping season supported export momentum.
The UAE remained India’s largest export destination during April–October 2026, despite recording a decline of 10.27%.

India’s Gem & Jewellery Exports Surge 34.01% to US$ 2.92 Billion in October 2026, Driven by Strong Orders Ahead of the Christmas and Holiday Shopping Season

Cut & Polished Diamond exports record a strong 10.50% growth in October 2026, signalling renewed momentum in the segment.
Gold Jewellery exports grew 48.20% in October 2026, with Studded Gold Jewellery recording an impressive 67.30% growth.
Silver Jewellery exports surged 55.52% in October, reflecting sustained international demand
Polished Lab-Grown Diamonds exports registered an impressive growth of 81.02% in October 2026
October’s strong year-on-year growth was also supported by a favourable base effect, as Diwali-related manufacturing shutdowns fell in October last year, while this year’s festive break falls in November.

India Records Strong Growth in Gem & Jewellery Exports in October 2026

Strong Export Momentum Ahead of the International Holiday Season

The strong October performance reflects the industry’s continued export momentum and its efforts to meet international buyer requirements ahead of the year-end holiday season, one of the most important selling periods for jewellery markets across the United States, Europe and other key global destinations.

Cumulative Exports Grow 7.28% During April–October 2026

For the cumulative period April–October 2026, India’s gross gem and jewellery exports reached US$ 17.22 billion (Rs. 1,63,961.74 crore), registering growth of 7.28% in US dollar terms and 17.76% in rupee terms over the corresponding period last year, when exports stood at US$ 16.05 billion. Among India’s key export destinations, Hong Kong recorded growth of 18.80% during April–October 2026, with exports reaching US$ 3.95 billion, while exports to the USA increased 14.87% to US$ 3.61 billion. Belgium registered strong growth of 30.02% to US$ 923.19 million, followed by Singapore (22.38%), the UK (17.89%) and Canada (107.93%). However, exports to the UAE, India’s largest export destination, declined 10.27% to US$ 4.87 billion.

Diwali Calendar and Manufacturing Shutdowns Support October Growth

The October performance also needs to be viewed in the context of the differing festive calendars. Diwali fell in October last year, when manufacturing units across major jewellery centres observed their customary festive shutdowns. This year, with Diwali falling in November, October provided a longer operational window for manufacturers and exporters to complete production and dispatch orders ahead of the international holiday season.

GJEPC Chairman Kirit Bhansali Comments on Export Performance

Commenting on the export performance, Shri Kirit Bhansali, Chairman, GJEPC, said, “The 34% growth in gem and jewellery exports in October is an encouraging indicator of the industry’s resilience and its ability to respond to opportunities in international markets. The strong performance comes at an important time, as global retailers and buyers prepare for the year-end holiday season, which traditionally drives significant demand for jewellery across major markets.

On a cumulative basis, the 7.28% growth in exports during April–October is encouraging. It is particularly heartening to see exports to the US market register 14.87% growth during this period. We have witnessed consistent growth over the past three months, and if the current momentum continues without any major disruptions, we are optimistic about achieving 10% growth in exports by the end of FY 2026–27.”

Cut & Polished Diamond Exports Return to Positive Growth

Cut and polished diamond exports have returned to positive growth, registering a 10.50% increase in October. This is an encouraging indication that momentum is gradually returning to the global diamond trade. Industry feedback points to improved trading activity, stronger order flows and renewed buying interest across key markets, while polished diamond prices have also shown signs of firming in recent months.

On a cumulative basis, cut and polished diamond exports during April–October declined 4.50% in US dollar terms, although the pace of decline has moderated, with greater stability in polished diamond prices offering an encouraging sign for the segment.

Gold Jewellery Exports Record Strong Growth

Gold jewellery has been a particularly strong contributor, with exports growing 48.20% in October and studded gold jewellery registering an impressive 67.30% growth. This performance reflects the combined impact of higher international gold prices and sustained demand for Indian-made jewellery in key global markets. While rising gold prices have contributed to higher export values, the growth also points to continued business activity and buyer interest.

Silver Jewellery Exports Reflect Sustained International Demand

Silver jewellery exports grew 28.98% during April–October, reflecting sustained international demand. While higher silver prices have boosted export values, they have also increased raw material and working capital costs, making buyers more cautious about order quantities. Manufacturers are responding with lightweight designs and value engineering. India’s strengths in design, craftsmanship and manufacturing continue to support the segment’s competitiveness.

International Holiday Season Presents Opportunities for Indian Exporters

The international holiday season presents an important opportunity for Indian exporters. Our industry has been actively engaging with global buyers, developing new collections and strengthening its market presence. With improving trade access through India’s Free Trade Agreements and continued efforts towards market diversification, we remain optimistic about the sector’s export prospects in the months ahead.

Monthly export figures also reflect the timing of production cycles, festive holidays and shipment schedules across manufacturing centres. As the industry moves through the Diwali period, we will continue to engage with exporters to assess market demand and the evolving export outlook.

Product-Wise Export Performance

Cut & Polished Diamonds exports increased 10.50% in US dollar terms and 19.26% in rupee terms to US$ 1.13 billion (Rs. 10,817.54 crore).
Gold Jewellery (Plain & Studded) exports increased 48.20% in US dollar terms and 60.07% in rupee terms to US$ 1.26 billion (Rs. 12,017.78 crore), compared to US$ 848.95 million in October 2025.
Plain Gold Jewellery exports grew 17.54% in US dollar terms and 26.98% in rupee terms to US$ 383.11 million (Rs. 3,660.92 crore).
Studded Gold Jewellery exports surged 67.30% in US dollar terms and 80.69% in rupee terms to US$ 875.02 million (Rs. 8,356.85 crore).
Silver Jewellery exports surged 55.52% in US dollar terms and 68.16% in rupee terms to US$ 203.83 million (Rs. 1,948.11 crore), compared to US$ 131.07 million in October 2025.
Polished Lab-Grown Diamonds exports registered an impressive growth of 81.02% in US dollar terms and 95.52% in rupee terms to US$ 170.46 million (Rs. 1,627.94 crore).
Coloured Gemstones exports increased 71.46% in US dollar terms and 85.19% in rupee terms to US$ 27.07 million (Rs. 258.54 crore), compared to US$ 15.79 million in October 2025.
Platinum Jewellery exports grew 23.85% in US dollar terms and 33.86% in rupee terms to US$ 26.80 million (Rs. 255.97 crore), compared to US$ 21.64 million in October 2025.

April–October 2026: Cumulative Product-Wise Export Performance

Cut & Polished Diamonds exports stood at US$ 6.95 billion, registering a decline of 4.50% in US dollar terms, while increasing 4.74% in rupee terms to (Rs. 66153.71 crores). Among the key markets, Belgium (29.07% to US$ 809.36 million), Canada (319% to US$ 225.30 million), the UK (20.56% to US$ 110.96 million) and Mexico (48.05% to US$ 63.71 million) recorded strong growth. However, declines in the UAE (12.26% to US$ 1.33 billion) and USA (29.92% to US$ 922.55 million) weighed on overall performance.
Gold Jewellery (Plain & Studded) exports increased 16.28% in US dollar terms and 27.81% in rupee terms to US$ 7.49 billion (Rs. 71314.72 crores). Growth was supported by strong demand from the USA (56.31% to US$ 2.03 billion), Hong Kong (132.71% to US$ 500.47 million), Singapore (25.67% to US$ 366.99 million), and the UK (38.18% to US$ 261.83 million).
Plain Gold Jewellery exports stood at US$ 2.92 billion, registering a decline of 5.96% in US dollar terms, while recording growth of 3.49% in rupee terms.
Studded Gold Jewellery exports registered strong growth of 36.98% in US dollar terms and 50.40% in rupee terms to US$ 4.57 billion (Rs. 43504.23 crores). The USA (60.51% to US$ 1.82 billion) and Hong Kong (150.46% to US$ 458.12 million) were major contributors, while Singapore (52.28% to US$ 85.09 million), the UK (25.12% to US$ 160.73 million) and Germany (21.88% to US$ 49.76 million) also recorded healthy growth.
Silver Jewellery exports grew 28.98% in US dollar terms and 40.57% in rupee terms to US$ 933.15 million (Rs. 8857.01 crores). Growth was led by Hong Kong (24.61% to US$ 492.45 million), the USA (51.28% to US$ 231.65 million) and Thailand (103.61% to US$ 45.29 million), with the UK (11.88% to US$ 47.90 million) and Australia (26.74% to US$ 15 million) also contributing positively.
Polished Lab-Grown Diamonds exports increased 25.95% in US dollar terms and 38.27% in rupee terms to US$ 855.56 million (Rs. 8150.09 crores). Hong Kong (114.72% to US$ 426.36 million) was the key growth driver, while Canada (301.07% to US$ 26.59 million), Thailand (96.22% to US$ 29.09 million), Israel (38.87% to US$ 29.35 million), Belgium (41.73% to US$ 23.08 million) and Russia (3,091.64% to US$ 12.76 million) also recorded significant increases.
Coloured Gemstones exports registered growth of 0.91% in US dollar terms and 10.45% in rupee terms to US$ 254.62 million (Rs. 2421.76 crores). Growth was supported by Thailand (14.40% to US$ 77.22 million), the USA (17.97% to US$ 28.38 million), the UAE (47.65% to US$ 14.53 million) and Italy (19.14% to US$ 11.27 million), despite a decline in exports to Hong Kong (13.40% to US$ 78.28 million).
Platinum Jewellery exports grew 17.12% in US dollar terms and 28.34% in rupee terms to US$ 150.09 million (Rs. 1428.72 crores).

Value-Added Jewellery Segments Support Overall Export Performance

The performance across product categories highlights the growing contribution of value-added jewellery segments to India’s export basket. In particular, the sustained growth in studded gold jewellery, silver jewellery and polished lab-grown diamonds is helping support the sector’s overall export performance.

FAQs

How much were India’s gem and jewellery exports in October 2026?

India’s gross gem and jewellery exports reached US$ 2.92 billion (Rs. 27,862.82 crore) in October 2026, registering 34.01% growth in US dollar terms.

What was the growth in India’s cumulative gem and jewellery exports during April–October 2026?

India’s gross gem and jewellery exports reached US$ 17.22 billion during April–October 2026, registering 7.28% growth in US dollar terms and 17.76% growth in rupee terms.

Which jewellery segment recorded the highest export growth in October 2026?

Polished Lab-Grown Diamonds recorded the highest growth among the listed major product categories, increasing 81.02% in US dollar terms.

How much did gold jewellery exports grow in October 2026?

Gold Jewellery exports (Plain & Studded) increased 48.20% in US dollar terms, reaching US$ 1.26 billion.

What was the growth in studded gold jewellery exports in October 2026?

Studded Gold Jewellery exports surged 67.30% in US dollar terms to US$ 875.02 million.

How did silver jewellery exports perform in October 2026?

Silver Jewellery exports increased 55.52% in US dollar terms to US$ 203.83 million.

How did cut and polished diamond exports perform in October 2026?

Cut & Polished Diamond exports increased 10.50% in US dollar terms to US$ 1.13 billion.

Which were India’s major gem and jewellery export destinations during April–October 2026?

Major export destinations included the UAE, Hong Kong, the USA, Belgium, Singapore, the UK and Canada.

Why did India’s gem and jewellery exports record strong growth in October 2026?

The performance was supported by strong international orders ahead of the Christmas and holiday shopping season, along with a longer manufacturing and operational window because Diwali fell in November 2026 rather than October.

What export growth target has GJEPC expressed optimism about for FY 2026–27?

Shri Kirit Bhansali, Chairman, GJEPC, expressed optimism about achieving 10% growth in exports by the end of FY 2026–27, provided the current momentum continues without major disruptions.

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 & Media, Updates, Podcasts & more…