India\u2019s gem and jewellery exports remained broadly stable during April 2025-January 2026, reflecting resilience amid global trade headwinds and tariff-related pressures in key markets. Overall gross exports stood at US$ 23.19 billion (\u20b92,03,280.72 crore), registering a marginal decline of 0.64% in dollar terms while growing by 3.57% in rupee terms, compared to exports of US$ 23.33 billion (\u20b91,96,277.49 crore) recorded during the same period previous year. This performance underscores the sector\u2019s underlying stability despite volatile global conditions.<\/p>\n
The export outcome was significantly influenced by a sharp contraction in shipments to the United States, India\u2019s largest gem and jewellery export destination, where exports declined by over 45% due to elevated tariffs and pricing disadvantages.<\/p>\n
However, the recently announced India-US trade deal, which restores tariff access for gems and jewellery at 18%, is expected to be a major inflection point. The tariff rollback is projected to lift India\u2019s gem and jewellery exports by up to US$ 3 billion in the near term, driven by renewed price competitiveness and trade re-creation.<\/p>\n
Even as exports to the US faced temporary pressure, India successfully diversified its export markets, recording strong growth across several key destinations.<\/p>\n
During April 2025 – January 2026, exports to the United Arab Emirates grew 23.71%, Hong Kong rose 33.5%, while Australia and France posted robust growth of over 36% each. Other markets such as Belgium, Thailand and Israel also recorded double-digit growth, demonstrating India\u2019s growing global footprint and the industry\u2019s ability to adapt to shifting trade dynamics.<\/p>\n
Shri Kirit Bhansali, Chairman, GJEPC said, \u201cIndia\u2019s gem and jewellery exports have remained broadly stable during April-January at US$ 23.19 billion, despite global headwinds, with a marginal decline in dollar terms and positive growth in rupee terms underscoring the sector\u2019s resilience. The announcement of the framework for India-US trade deal has brought much-needed relief, with the revised 18% tariff on jewellery and Zero duty on diamonds and coloured gemstones, will place India in a structurally superior position over key competitors\u2014across diamonds, coloured gemstones and studded gold jewellery. This advantage is expected to help Indian exporters regain lost ground in the US market and re-create trade, potentially adding up to US$ 3 billion in the near term. Supported by market diversification and a strong pipeline of trade agreements, the industry is well positioned for recovery and sustained growth in FY 2026-27.\u201d<\/p>\n
\u201cThis outward-looking trade strategy has been strongly complemented by domestic reforms. Union Budget 2026-27 is highly positive for the gem and jewellery sector, with a clear focus on ease of doing business, customs reforms, faster clearances and improved access to finance. Measures such as digital appraisals, advance filing of Bills of Entry, concessional SEZ-to-DTA sales and targeted MSME support will reduce costs, improve cash flow and strengthen export competitiveness. Overall, the Budget lays a solid foundation for growth, job creation and export expansion, aligned with the sector\u2019s long-term vision of achieving US$ 100 billion in exports by 2047.\u201d adds Bhansali.<\/p>\n
During April 2025-January 2026:<\/strong><\/p>\n India\u2019s gem and jewellery exports remained broadly stable during April 2025-January 2026, reflecting resilience amid global trade headwinds and tariff-related pressures in key markets. Overall gross exports stood at US$ 23.19 billion (\u20b92,03,280.72 crore), registering a marginal decline of 0.64% in dollar terms while growing by 3.57% in rupee terms, compared to exports of US$…<\/p>\n","protected":false},"author":1,"featured_media":35247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-35246","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n\n