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.

India’s gems and jewellery exports took a significant hit in June 2025, recording a 14.25% year-on-year decline amid ongoing global economic challenges and geopolitical uncertainty

India’s gems and jewellery sector faced a sharp setback in May 2025, with exports falling by 15.81% year-on-year. New US tariff measures and weak global demand hit key segments like cut and polished diamonds and lab-grown diamonds, even as gold jewellery showed positive growth amid geopolitical uncertainties

According to official data, the gems and jewellery sector was the third-highest export performer

• Studded Gold Jewellery Exports record a growth of 69.87%
• Cut and Polished diamond exports register a growth of 26.45%

The sector grew by 9.2 per cent in December 2020 to ₹18,261 crore

Gems and jewellery exports recover to USD 1764.06 Million in August 2020, as compared to USD 36 Million in April 2020

Lengthy operating cycles and working capital intensive nature of the business is an inherent characteristic of the gems and jewellery industry

The gems and jewellery exports are likely to grow by up to 5 per cent this financial year, mainly aided by improving demand in the US market during the upcoming Christmas season, an industry body said Monday.

The Gem & Jewellery Export Promotion Council (GJEPC) of India, announced the performance figures for the Indian Gems & Jewellery Sector for FY 20017-18. The Indian Gem and Jewellery industry has witnessed a decline of 5.06 % with total gem & jewellery exports recorded at USD 40972.36 million (Rs. 264130.64 crores ) as compared to USD 43,157.11 million ( Rs. 289207.47 crores) in the same period last year.

Indias gems and jewellery exports rose by over 11% to USD 6.78 billion during the first two months of the current fiscal, largely driven by demand in major markets like the US.

G&J exports account for 15.71% of the country’s total exports in FY17.

At present, gems & jewellery exports are effectively zero rated. Hence any element of tax in exports is required to be rebated.

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