India’s gross gem and jewellery exports increased 9.43% year-on-year in US dollar terms to USD 2.95 billion in September 2026, compared with USD 2.70 billion in September 2025, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC).

For April–September 2026, exports rose 3.07% year-on-year to USD 14.30 billion. Growth in studded gold jewellery, silver jewellery and polished laboratory-grown diamonds supported the overall performance, despite continued challenges in key export markets.

Studded gold jewellery emerged as a key growth category during the first half of FY2026–27, with exports increasing 31.31% to USD 3.69 billion. GJEPC attributed the growth to improved market access through free trade agreements, reduced US tariffs and stronger performance in Hong Kong, Singapore and France.

In contrast, plain gold jewellery exports declined 8.81% to USD 2.53 billion, reflecting elevated gold prices and challenging market conditions in the Middle East. Cut and polished diamond exports fell 6.96% to USD 5.81 billion in value terms, although export volumes increased 4.64% to 83.98 lakh carats.

Exports of polished laboratory-grown diamonds rose 17.08% to USD 685.10 million, while silver jewellery exports increased 23.10% to USD 729.32 million. Platinum jewellery exports also recorded growth, rising 15.75% to USD 123.29 million. Coloured gemstone exports, however, declined 3.80% to USD 227.55 million.

Commenting on the performance, GJEPC Chairman Kirit Bhansali said the growth in September and during the first half of the financial year demonstrated the sector’s resilience amid an uncertain global trade environment. He also noted that improving diamond prices and higher export volumes indicated a gradual recovery in the cut and polished diamond segment.