India’s gems, jewellery exports rise over 26% in June after prolonged slowdown

India's gems, jewellery exports rise over 26% in June after prolonged slowdown


India’s gems and jewellery exports showed signs of recovery in June 2026, with overall gross exports rising 26.51% year-on-year to $2.21 billion, according to data released by the Gem & Jewellery Export Promotion Council (GJEPC).

The increase comes after a prolonged period of decline amid weak global demand and economic uncertainties.

Gross imports of gems and jewellery also increased during the month, rising 10.06% year-on-year to $1.72 billion.

For the April-June 2026 quarter, however, overall gross exports remained largely flat, recording a marginal growth of 0.04% at $6.61 billion compared with the same period last year. Gross imports during the quarter declined 5.9% to $4.97 billion.

The sector has faced challenges due to global economic uncertainty, fluctuating consumer demand and geopolitical concerns. The latest export data indicates some improvement in overseas demand, particularly across key segments such as gold jewellery and lab-grown diamonds.

Gold jewellery exports jump over 54% in June

Gold jewellery exports witnessed a sharp recovery in June, with gross exports of plain and studded gold jewellery rising 54.5% year-on-year to $1.09 billion.

Within the segment, studded gold jewellery exports surged 85.35% to $633.97 million during the month. For the April-June quarter, studded gold jewellery exports grew 20.1% to $1.65 billion.

Plain gold jewellery exports increased 25.34% in June to $453.76 million. However, exports for the April-June period declined 23.3% to $1.13 billion.

Lab-grown diamond exports continue growth momentum

Polished lab-grown diamond exports continued to record strong growth, reflecting changing consumer preferences in global markets.

Exports of polished lab-grown diamonds rose 52.25% year-on-year in June to $101.35 million. During the April-June period, exports grew 14.92% to $296.24 million.

In volume terms, exports of worked lab-grown diamonds increased nearly 32% during the quarter to 43.57 lakh carats.

The segment has gained traction as consumers increasingly look for affordable alternatives amid economic uncertainties, with lab-grown diamonds emerging as a lower-cost option compared with natural diamonds.

Cut and polished diamond exports recover in June

Cut and polished diamond exports also witnessed improvement in June, rising 8.71% year-on-year to $846.73 million.

However, exports for the April-June quarter declined 4.13% to $2.72 billion. In volume terms, shipments increased 8.98% during the quarter to 39.88 lakh carats.

Imports of cut and polished diamonds declined 7.56% in June to $64.35 million, while imports during the April-June period increased 66.13% to $358.60 million.

Rough diamond imports decline amid inventory adjustments

Rough diamond imports continued to remain under pressure as manufacturers focused on managing existing inventory before increasing fresh purchases.

Imports of rough diamonds declined 27.11% year-on-year in June to $700.30 million. For the April-June period, imports fell 32.42% to $2.16 billion.

In volume terms, rough diamond imports declined 8.64% in June and 15.65% during the April-June period.

Silver, platinum jewellery exports gain momentum

Silver jewellery continued to see strong demand, supported by affordability compared with gold. Platinum jewellery exports during the April-June quarter increased 27.66% to $58.67 million.

Coloured gemstone exports, however, declined 15% during the quarter to $82.25 million, with exporters attributing the fall to delayed purchases and logistical challenges in international markets.

Gold medallions and coins recorded strong growth, with exports rising 86.42% during the April-June period to $1.81 million.

Commenting on the sector’s performance, Colin Shah, Managing Director, Kama Jewelry, said the improvement in exports after months of decline was a positive development for the industry. He added that global tensions could continue to impact demand in the near term, while the upcoming Western holiday season and Indian festive demand could provide support.

He also said new free trade agreements could help Indian exporters diversify markets and create fresh opportunities.



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