India’s gem and jewellery sector has entered the festive season on a high note, with July exports surging 15.98% year-on-year to US$ 2.18 billion, marking a strong recovery after months of tariff-related headwinds.
A standout performer was the cut and polished diamond segment, with exports to Hong Kong soaring 70% to US$ 320 million. Overall, diamond exports rose 17.76% in July to US$ 1.07 billion. Gold jewellery shipments also climbed 16.39% to US$ 813.77 million, while polished lab-grown diamond exports grew 27.61% to US$ 122.43 million.
The upbeat data comes on the heels of a highly successful IIJS Premiere 2025, which generated ?70,000–?90,000 crore in order bookings. “Growth in July exports, a successful IIJS Premiere, and the Hong Kong market’s bounce back are very encouraging signs,” said Kirit Bhansali, Chairman, GJEPC.
While April–July 2025 exports remain slightly lower than last year, the upcoming SAJEX 2025 in Saudi Arabia is expected to open fresh trade and investment opportunities, further strengthening India’s global jewellery footprint.
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