India’s Gem & Jewellery Exports Show Mixed Trends in April–July 2025
July 2025 sees strong growth in exports, while cumulative April–July figures reflect a decline in key segments.
India’s gem and jewellery sector recorded a strong recovery in July 2025, with both exports and imports showing notable growth compared to the same period last year. However, the cumulative performance from April to July 2025 reflects a more mixed picture, with some product categories witnessing declines despite robust growth in gold jewellery exports.
Overall Export-Import Performance
In July 2025, the gross exports of gems and jewellery stood at US$ 2178.24 million (₹18,756.28 crores), marking a growth of 15.98% in dollar terms and 19.47% in rupee terms compared to July 2024. Imports too showed a strong surge, reaching US$ 1810.43 million (₹15,587.73 crores), an increase of 26.55% in dollar terms.
For the cumulative period April–July 2025, exports totaled US$ 8789.67 million (₹75,280.45 crores), reflecting a marginal decline of 0.11% in dollar terms compared to the same period last year. Imports during the same period, however, rose to US$ 7189.91 million (₹61,600.8 crores), recording a growth of 4.21%.
Cut & Polished Diamonds
Exports of cut and polished diamonds in July 2025 rose to US$ 1071.73 million (₹9230.66 crores), a growth of 17.76% compared to July 2024. Imports during the same month grew sharply by 32.02%, standing at US$ 113.75 million (₹980.65 crores).
Within imports, DTA shipments declined by 35%, while SEZ imports surged by 87.29%.
For April–July 2025, exports of cut and polished diamonds declined by 14.68%, amounting to US$ 3909.12 million (₹33,501.76 crores). Imports also fell by 14.83%, totaling US$ 332.19 million (₹2849.09 crores).
Rough Diamonds
Imports of rough diamonds during April–July 2025 were valued at US$ 4373.88 million (₹37,475.56 crores), showing a growth of 1.48%. In terms of volume, however, imports fell slightly by 1.07%, totaling 372.76 lakh carats compared to last year’s 376.81 lakh carats.
Lab-Grown Diamonds
Polished lab-grown diamonds continue to emerge as a significant category. In July 2025, exports rose to US$ 122.43 million (₹1054.65 crores), up by 27.61% from July 2024.
However, over the April–July 2025 period, exports declined by 8.36%, amounting to US$ 381.07 million (₹3266.93 crores) compared to last year’s US$ 415.85 million (₹3470.64 crores).
Gold Jewellery
Gold jewellery maintained strong momentum. Exports in July 2025 touched US$ 813.77 million (₹7005.96 crores), registering a growth of 16.39%.
Cumulatively, from April–July 2025, exports were valued at US$ 3665.99 million (₹31,383.86 crores), a sharp rise of 23.74% compared to the same period last year.
Plain Gold Jewellery
Exports of plain gold jewellery in July 2025 stood at US$ 352.37 million (₹3031.99 crores), growing by 15.61%. From April–July 2025, exports surged by 48.66%, totaling US$ 1826.86 million (₹15,643.38 crores).
Studded Gold Jewellery
Exports of studded gold jewellery in July 2025 reached US$ 461.4 million (₹3973.96 crores), a growth of 16.99%. Cumulatively, April–July 2025 exports stood at US$ 1839.14 million (₹15,740.48 crores), up by 6.08% compared to last year.
Silver, Platinum and Gemstones
Silver jewellery exports declined during April–July 2025, totaling US$ 281.2 million (₹2408.27 crores), a fall of 2.44%.
Platinum jewellery, on the other hand, recorded growth, with exports reaching US$ 65.18 million (₹558.73 crores), an increase of 14.11%.
Exports of coloured gemstones also inched up by 1.93%, amounting to US$ 116.66 million (₹998.03 crores).
Gold Medallions & Coins
The export of gold medallions and coins saw a steep fall. During April–July 2025, exports stood at just US$ 1.14 million (₹9.74 crores), a massive decline of 98.99% compared to the same period last year.
Outlook
The data reflects the contrasting performance of India’s gem and jewellery industry. While July 2025 marked a strong rebound, driven especially by gold jewellery and polished diamonds, the cumulative April–July numbers highlight continuing challenges in diamonds, lab-grown stones, silver jewellery, and gold coins.
As global market demand evolves, the sector’s resilience will depend on navigating these shifts and sustaining momentum in categories showing robust growth.
(The above data has been sourced from the Gem & Jewellery Export Promotion Council)
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