India’s gem and jewelry sector witnessed a notable surge in exports during November, reaching US$ 2.50 billion—a nearly 20% increase compared to the same period last year, according to the Gem and Jewelry Export Promotion Council (GJEPC). The growth was driven largely by strong demand across key categories, particularly cut and polished diamonds, which recorded a sharp rise in exports. Polished lab-grown diamonds also contributed consistently, highlighting the growing global acceptance of affordable and sustainable alternatives.
The sector’s gold and silver jewelry segments played an important role, buoyed by rising employment demand and the restoration of silver bullion supply chains. Despite the impressive monthly performance, cumulative exports from April to November remained largely unchanged at approximately US$ 18.85 billion, reflecting a gradual and uneven recovery in global demand.
Industry leaders pointed to stabilizing markets in China, Hong Kong, and the Middle East as key factors supporting export growth, helping offset slower demand from the US. India’s reputation as a global manufacturing and processing hub, underpinned by skilled craftsmanship and competitive job work capabilities, has been reinforced by the uptick in gold-studded jewelry exports. Meanwhile, improved raw material availability and normalized supply chains contributed to increased silver jewelry exports.
The strong November performance signals renewed confidence in India’s gem and jewelry industry, aligning with broader national objectives of trade expansion, manufacturing growth, and export diversification. The sector continues to play a pivotal role in driving export revenue, generating employment, and adding value to India’s global trade footprint. With this momentum, the industry is poised to further consolidate its position as a major contributor to the country’s economic growth.
