India's Gems and Jewellery Exports Surge by 3.86% in February
Synopsis
India's gems and jewellery sector has shown remarkable growth, with exports climbing 3.86% year-on-year in February. This growth reflects the sector's adaptability and resilience in facing global challenges.
Key Takeaways
3.86% Increase: Year-on-year growth in exports for February.
New Markets: Exporters are diversifying into international markets.
Resilience: The Indian industry shows strong adaptability despite global challenges.
Gold Jewellery: Exports increased by 3.23% in February.
Tariff Relief: Recent US tariff changes have benefitted the studded jewellery segment.
New Delhi, March 15 (NationPress) The exports of gems and jewellery from India have experienced a growth of 3.86% year-on-year, reaching $2,680.79 million (Rs 24,340.05 crore) in February. This increase can be attributed to exporters venturing into new global markets, as reported by the Gem and Jewellery Export Promotion Council (GJEPC). In February of the previous year, the sector's exports were $2,581.08 million (Rs 22,460.13 crore).
Despite this rise, the exports for the current financial year remain relatively stable. From April 2025 to February 2026, the cumulative gems and jewellery exports totaled $25,933.72 million (Rs 2,28,230.06 crore), a slight increase compared to $25,915.81 million (Rs 2,18,737.62 crore) for the same timeframe last year.
According to GJEPC Chairman Kirit Bhansali, the past year has posed significant challenges for the global gems and jewellery sector, influenced by factors such as evolving tariff regulations in the United States, geopolitical tensions, and changing consumer preferences in key markets. However, he emphasized the resilience of the Indian industry.
“Exporters have diversified their markets and strengthened their presence in nations like the United Arab Emirates and Australia, where free trade agreements have facilitated business growth,” Bhansali noted. He also pointed out that recent adjustments in the US tariff structure have alleviated some pressures on the studded jewellery segment.
According to the council’s figures, exports of cut and polished diamonds saw a minor decline of 0.84%, amounting to $1,351.17 million (Rs 12,268.05 crore) in February, down from $1,362.67 million (Rs 11,860.71 crore) in the same month last year.
Meanwhile, polished lab-grown diamonds' exports grew by 1.85% to $113.74 million (Rs 1,033.03 crore) during the month, compared to $111.68 million (Rs 972.04 crore) a year prior. Additionally, gold jewellery exports recorded a 3.23% increase to $928.85 million (Rs 8,432.16 crore) in February, up from $899.82 million (Rs 7,828.05 crore) in the same period last year.
Point of View
The growth in India's gems and jewellery exports is a positive indicator of the industry's resilience amidst global challenges. The diversification into new markets and the reported increases in certain segments suggest a hopeful outlook for the sector's future.
NationPress
28 Jun 2026
Frequently Asked Questions
What was the percentage increase in India's gems and jewellery exports in February?
India's gems and jewellery exports rose by 3.86% year-on-year in February.
What is the total value of gems and jewellery exports from India in February?
The total value of gems and jewellery exports in February was $2,680.79 million (Rs 24,340.05 crore).
Who reported the increase in exports?
The increase in exports was reported by the Gem and Jewellery Export Promotion Council (GJEPC).
Which segment of jewellery saw a rise in exports?
Gold jewellery exports saw a rise of 3.23% in February.
What challenges did the gems and jewellery industry face recently?
The industry faced challenges such as changing tariff policies in the US, geopolitical tensions, and shifting consumer demand.
