India's gem, jewellery exports rebound 26.5% in June on strong global demand: GJEPC
New Delhi, July 22
India's gem and jewellery exports rebounded sharply in June, with gross exports rising 26.51 per cent year-on-year to USD 2.21 billion, supported by stronger demand across key international markets and lower gold prices, the Gem and Jewellery Export Promotion Council said on Wednesday.
GJEPC said the strong monthly performance was driven by healthy demand for gold jewellery, cut and polished diamonds, platinum jewellery and lab-grown diamonds across major export markets.
Commenting on the performance, GJEPC Chairman Kirit Bhansali said, "The strong rebound in June exports reflects the resilience of India's gem and jewellery sector amid an evolving global trade environment." He added that while exports during the April-June quarter remained broadly stable, the recovery in June was an encouraging sign and that continued demand from key markets, market diversification and recently concluded trade agreements such as the India-UK CETA are expected to support export growth in the coming months.
According to the council, the rebound was aided by a 10.28 per cent month-on-month decline in international gold prices, which reduced raw material costs and enabled Indian exporters to offer more competitive prices in overseas markets.
GJEPC said improved price competitiveness, stronger demand and participation by Indian exporters in jewellery exhibitions in Kuwait and Sharjah also contributed to the recovery. It, however, noted that the availability of gold for exporters continues to be affected by a technical regulatory issue relating to GST applicability on imports by RBI-notified nominated agencies.
Among product categories, gold jewellery exports surged 54.50 per cent year-on-year to USD 1.09 billion, while studded gold jewellery exports jumped 85.35 per cent. Cut and polished diamond exports rose 8.71 per cent, platinum jewellery exports increased 34.77 per cent, and polished lab-grown diamond exports climbed 52.25 per cent during June. Silver jewellery and coloured gemstone exports, however, declined during the month.
For the April-June 2026 quarter, overall gross gem and jewellery exports remained broadly stable at USD 6.61 billion, registering 0.04 per cent growth in dollar terms and 10.76 per cent growth in rupee terms over the corresponding period last year, which GJEPC said reflected the sector's resilience despite global economic uncertainties and elevated precious metal prices.
— ANI
Reader Comments
This is good news, but I hope the benefits reach the small artisans and workers in Jaipur and other jewellery hubs, not just the big exporters. The 85% jump in studded gold jewellery is impressive, but we need to ensure fair wages and safe working conditions for everyone in the supply chain.
As an investor watching Indian markets, this is a strong signal of resilience. The 10% monthly drop in gold prices was a game-changer, making Indian exports more cost-competitive globally. The India-UK CETA trade agreement will only strengthen this further. Looking forward to sustained growth through Q3.
Lab-grown diamonds exports up 52% - that's the future! Young Indians these days prefer sustainable and affordable options. Happy to see our industry adapting to changing global trends while keeping the traditional gold and diamond sectors strong. The exhibitions in Kuwait and Sharjah are smart moves too. ✨
Nice numbers, but I wish the article mentioned the GST issue for exporters more clearly. The regulatory problem with nominated agencies is hurting small exporters in Mumbai's Zaveri Bazaar. We need smoother policies to maintain this momentum. Silver jewellery exports declining is also a bit worrying. 🤔
India continues to be the world's jewellery box. 🇮🇳 This 26.5% rebound shows how quickly the sector adapts - from the 54% jump in gold jewellery to the 35% rise in platinum. For someone working in the UK diamond trade, Indian craftsmanship is always top-notch. Hope the growth continues as global demand stays strong!
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.