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India's Gems & Jewellery Exports Rise 3.86% in Feb Amid Global Challenges

India's gems and jewellery exports increased by 3.86% year-on-year in February 2024, reaching $2.68 billion. The sector's resilience is attributed to exporters expanding into new international markets like the UAE and Australia, aided by free trade agreements. However, for the April-February period of FY26, total exports remained nearly unchanged at $25.93 billion compared to the previous year. The industry faced global challenges including shifting US tariffs, geopolitical tensions, and changing consumer demand.

Key Points: India's Gems, Jewellery Exports Grow 3.86% in February

  • Exports rose 3.86% YoY in Feb
  • FY26 exports nearly flat at $25.93B
  • Lab-grown diamond exports up 1.85%
  • Gold jewellery exports grew 3.23%
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India's gems and jewellery exports rise 3.86 pc in Feb

India's gems & jewellery exports rose to $2.68B in Feb. GJEPC cites market diversification & FTAs for resilience despite global headwinds.

"Exporters have diversified their markets and increased their presence in countries such as the United Arab Emirates and Australia - Kirit Bhansali"

New Delhi, March 15

India's gems and jewellery exports rose 3.86 per cent year-on-year to $2,680.79 million in February, supported by exporters expanding into new international markets, according to data released by the Gem and Jewellery Export Promotion Council.

Exports from the sector had stood at $2,581.08 million (Rs 22,460.13 crore) in the same month last year.

However, exports during the current financial year have remained almost unchanged so far.

From April 2025 to February 2026, India's total gems and jewellery exports stood at $25,933.72 million (Rs 2,28,230.06 crore), slightly higher than $25,915.81 million (Rs 2,18,737.62 crore) recorded during the same period a year earlier.

GJEPC Chairman Kirit Bhansali said the past year has been challenging for the global gems and jewellery industry due to factors such as changing tariff policies in the United States, geopolitical tensions and shifting consumer demand in major markets.

Despite these challenges, he said the Indian industry has shown strong resilience.

"Exporters have diversified their markets and increased their presence in countries such as the United Arab Emirates and Australia, where free trade agreements have helped boost business," Bhansali stated.

Bhansali also said recent changes in the US tariff framework have provided some relief to the studded jewellery segment.

According to the council's data, exports of cut and polished diamonds declined slightly by 0.84 per cent to $1,351.17 million (Rs 12,268.05 crore) in February, compared with $1,362.67 million (Rs 11,860.71 crore) in the same month last year.

Exports of polished lab-grown diamonds increased 1.85 per cent to $113.74 million (Rs 1,033.03 crore) during the month from $111.68 million (Rs 972.04 crore) a year earlier.

Gold jewellery exports also recorded a 3.23 per cent rise to $928.85 million (Rs 8,432.16 crore) in February, compared with $899.82 million (Rs 7,828.05 crore) in the year-ago period.

- IANS

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Reader Comments

P
Priya S
Good to see growth, but the article mentions the overall financial year exports are almost unchanged. We need more consistent growth, not just monthly spikes. Also, the slight decline in cut & polished diamonds is a bit worrying. Hope the industry addresses this.
R
Rohit P
The rise in lab-grown diamond exports is the real story here! 👏 It shows Indian industry is adapting to changing global trends and consumer demand. This is a sustainable and forward-looking segment.
M
Meera T
As someone from Surat, this news brings a smile. So many families here depend on this industry. The gold jewellery export rise is particularly heartening. May the shine continue! ✨
D
David E
Interesting read. The US tariff changes mentioned must have been a relief for many businesses. It's impressive how India has leveraged FTAs with countries like the UAE to boost exports in a tough global environment.
S
Sneha F
While exports are good, I hope the benefits are reaching the skilled karigars and workers on the ground. Sometimes the profits stay at the top. The industry's strength should mean better wages and working conditions for all.

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