Did India's Gem and Jewellery Exports Soar 19% in November Due to Christmas Demand?
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Synopsis
In an impressive turn, India's gem and jewellery exports surged by 19% in November, driven by strong holiday demand. This growth is fueled by rising interests in various segments, including lab-grown diamonds. How will these trends shape the future of the industry? Dive into the details!
Key Takeaways
- 19% increase in gem and jewellery exports in November.
- Exports reached $2.52 billion, driven by holiday demand.
- Cut and polished diamonds surged 38% to $919.74 million.
- Silver jewellery exports jumped 209% to $198 million.
- Lab-grown diamonds show significant potential for growth.
New Delhi, Dec 12 (NationPress) India’s gem and jewellery exports experienced a remarkable 19% surge in November, reaching $2.52 billion compared to $2.09 billion in the same month last year. This increase was largely attributed to the strong performance in cut and polished diamonds, as well as gold, silver, and platinum jewellery.
The year-over-year growth in November can be partly explained by a low base from November 2024, when Diwali holidays led to the closure of many manufacturing facilities. Exporters also credited the strong Christmas demand in both the US and China for this uptick, according to numerous media reports.
However, for the April to November timeframe, overall growth appears subdued, with exports remaining nearly unchanged at $18.86 billion in 2025 compared to $18.85 billion in 2024.
The data from April to November suggests a gradual recovery influenced by seasonal demand and global market trends, reports indicate.
Experts observed that Lab-grown diamond (LGD) jewellery is gaining traction, with exports climbing 10% to $76 million in November, although they fell 11% for the April to November period, totaling $757 million.
Exports of cut and polished diamonds saw a significant rise of 38% to $919.74 million in November. Gold jewellery exports amounted to $1.21 billion, slightly down from $1.23 billion a year prior.
Studded gold jewellery was a standout, increasing 49.24% in November to $828 million. While plain gold jewellery exports dipped 42.17% to $390 million for the month, they increased 14.78% to $3.53 billion for the April to November period, bolstered by a 44% rise in gold prices in US dollars.
Silver jewellery exports skyrocketed by 209% to $198 million in November, and rose 29.69% to $930 million for the April to November period.
Thanks to a 35% rise in platinum prices in US dollars, November exports of platinum jewellery nearly doubled to $30 million, up from $15 million in 2024.
Point of View
It is essential to recognize the resilience of India's jewellery sector amidst fluctuating market conditions. The latest export data reveals significant potential for growth, particularly in response to seasonal demand. This trend underscores the importance of adaptability in the global marketplace, aligning with changing consumer preferences.
NationPress
13/12/2025
Frequently Asked Questions
What drove the increase in India's gem and jewellery exports?
The 19% increase in India's gem and jewellery exports was primarily driven by heightened demand during the Christmas season in the US and China, along with an uptick in cut and polished diamonds, gold, silver, and platinum jewellery.
How do the exports compare year on year?
In November, India's gem and jewellery exports rose to $2.52 billion from $2.09 billion the previous year, reflecting a significant recovery influenced by seasonal demand.
What are the trends in lab-grown diamond jewellery?
Lab-grown diamond jewellery has gained traction, with exports rising by 10% to $76 million in November, although there was an 11% decrease in exports from April to November, totaling $757 million.
