Gems and jewellery exports dip 2.5% in May; silver and lab-grown diamonds emerge as bright spots
India’s gems and jewellery exports declined 2.49% year-on-year in May 2026 as geopolitical tensions and volatility in precious metal prices weighed on overseas demand, while imports also fell sharply, reflecting a cautious global market environment. The country’s gross gems and jewellery exports stood at $1.41 billion (₹13,500.21 crore) in May, compared with the same month…
