India’s gems and jewellery exports rose 3.86 per cent year-on-year to USD 2,680.79 million (Rs 24,340.05 crore) in February, reflecting the sector’s efforts to diversify into new global markets, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC).
The overall exports stood at USD 2,581.08 million (Rs 22,460.13 crore) during the corresponding month last year. Between April 2025 and February 2026, total gems and jewellery exports remained largely flat at USD 25,933.72 million (Rs 2,28,230.06 crore), compared to USD 25,915.81 million (Rs 2,18,737.62 crore) during the same period a year earlier.
GJEPC Chairman Kirit Bhansali said the past year has been challenging for the global industry due to evolving tariff policies in the United States, geopolitical uncertainties, and shifting consumer preferences across key markets. Despite these challenges, he noted that the Indian sector has shown resilience by expanding its presence in markets such as the United Arab Emirates and Australia, supported by free trade agreements, while Hong Kong continues to remain an important destination.
Segment-wise, exports of cut and polished diamonds declined marginally by 0.84 per cent to USD 1,351.17 million in February. Polished lab-grown diamond exports grew 1.85 per cent to USD 113.74 million, while gold jewellery exports rose 3.23 per cent to USD 928.85 million. Notably, silver jewellery exports surged by 123.77 per cent to USD 116.37 million during the month.
