Gems and jewelery exports from India rose 9.43 per cent year-on-year to $2.95 billion (Rs 28,157.55 crore) in September, despite uncertainty in global trade, the Gems and Jewelery Export Promotion Council (GJEPC) said on Wednesday. According to GJEPC data, total exports stood at $2.70 billion (Rs 23,813.91 crore) in September 2025. In the first half (April-September) of the current fiscal year 2026-27, total exports of gems and jewelery rose 3.07 percent year-on-year to $14.30 billion, as against $13.87 billion in the same period last fiscal.
What were the figures for September?
According to the data, exports of plain gold jewelery rose 8.76 per cent to $378 million (Rs 3,609.23 crore) in September amid signs of normalization in Dubai. It was valued at $34.75 crore (Rs 3,072.23 crore) in September, 2025. Studded gold jewelery exports rose 50.23 per cent to $812.6 million (Rs 7,759.73 crore) in September from $540.8 million (Rs 4,778.36 crore) in the same month last year. Improved conditions in Dubai, better market access through free trade agreements (FTAs), tariff cuts by the US and better performance in key markets such as Hong Kong, Singapore and France supported exports.
Where was the export made?
GJEPC Chairman Kirit Bhansali said in a statement that export growth of 9.43 per cent in September and 3.07 per cent in the first half of FY 2026-27 is encouraging. This shows that despite uncertainty in global trade, India’s exports of gems and jewelery are increasing. Exports of studded gold jewelery increased by 50.23 per cent to $812.6 million in September 2026, indicating strong performance in the sector.”
He said exports have been boosted by good performance in key markets such as Hong Kong, Singapore and France and benefited from better access to trade under the India-UK trade agreement and tariff cuts by the US. Bhansali said one of the reasons for the increase in exports of plain gold jewelery in September was the normalization of the situation in Dubai.
The challenge is not over
He said demand and market conditions remain challenging, particularly in West Asia, which is a major destination for exports of plain gold jewellery. According to the data, exports of cut and polished diamonds declined 5.44 per cent to $129.33 million (Rs 12,335.79 crore) in September, compared to $136.76 million (Rs 12,076.35 crore) in the same month last year.
At the same time, exports of lab-finished and polished diamonds rose 40.72 percent to $151.4 million (Rs 1,445.53 crore) in September. It was $10.76 crore (Rs 950.58 crore) in September 2025. Meanwhile, silver jewelery exports declined 12.49 per cent year-on-year to $134.4 million (Rs 1,285.01 crore). It was worth $15.36 crore (Rs 1,356.77 crore) in September last year.
