India’s gem and jewellery exports recorded steady growth in September 2026, rising 9.43% year-on-year in US dollar terms to $2.95 billion, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC). In rupee terms, exports increased 18.24% to ₹28,157.55 crore.
For April–September 2026, cumulative exports reached $14.30 billion, registering growth of 3.07% in dollar terms and 13.40% in rupee terms. GJEPC Chairman Kirit Bhansali said the performance reflected the industry’s resilience amid an uncertain global trade environment.
Studded gold jewellery emerged as a major growth driver, with exports increasing 31.31% to $3.69 billion, supported by improved trade access under the India–UK trade agreement, reduced US tariffs and demand from markets including Hong Kong, Singapore and France.
However, plain gold jewellery exports declined 8.81% to $2.53 billion, as rising gold prices and challenging demand in the Middle East affected the segment.
Cut and polished diamond exports presented a mixed picture. Export volumes increased 4.64% to 83.98 lakh carats, while export value fell 6.96% in dollar terms to $5.81 billion, although it rose 2.31% in rupee terms, indicating a gradual recovery in the segment.
Polished lab-grown diamond exports grew 17.08% to $685.10 million, while silver jewellery exports increased 23.10% to $729.32 million, highlighting expanding demand across selected product categories.
Bhansali said product innovation, value addition and diversification into new markets would remain important for sustaining export growth in the coming months. The latest figures underline the importance of global market access and changing consumer demand to the performance of India’s gem and jewellery industry.
