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India's gem and jewellery exports decline 6% in January 2026
Feb-16-2026

Gem and Jewellery Export Promotion Council (GJEPC) has said that India's gem and jewellery exports declined 5.79 per cent on-year in January 2026 to $2,238.54 million as compared to $2,376.02 million in January 2025, amid global trade headwinds and tariff-related pressures in key markets. However, overall exports remained steady during the April 2025-January 2026 period with a marginal decline of 0.64 per cent at $23,185.87 million, as compared to $23,334.73 million for the same period of the previous year.

The export outcome was significantly influenced by a sharp contraction in shipments to the United States, India's largest gem and jewellery export destination, where exports declined by over 45 per cent due to elevated tariffs and pricing disadvantages. Meanwhile, India has successfully diversified its export markets, and during April 2025 - January 2026, exports to the United Arab Emirates grew 23.71 per cent, Hong Kong rose 33.5 per cent, while Australia and France posted robust growth of over 36 per cent each. Other markets such as Belgium, Thailand and Israel also recorded double-digit growth, demonstrating India's growing global footprint and the industry's ability to adapt to shifting trade dynamics.

Furthermore, the overall exports of Cut and Polished diamonds declined by 3.64 per cent in January 2026 at $979.27 million compared to $1,016.3 million for the same period of the previous year. Total exports of Polished Lab Grown Diamonds in January 2026 dipped by 2.81 per cent at $83.45 million as against $85.86 million in the same month of the previous year. Export of Gold Jewellery dipped by 16.57 per cent in January 2026 at $883.12 million compared to $1,058.51 million for the same period of the previous year. However, silver jewellery exports surged by 107.04 per cent in January 2026 to $152.42 million compared to $73.62 million in the corresponding month of the previous year.
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