Indonesia's Ministry of Industry reports that the national jewelry industry remains robust despite rising gold prices, which have boosted bullion investment interest. For overseas buyers, this signals sustained supply capacity and export growth from Indonesian manufacturers, particularly in gold, silver, and gemstone jewelry, with exports surging 64.72% in 2025.
Export growth and trade balance impact
The jewelry sector contributed significantly to Indonesia's trade balance, with cumulative export value of jewelry and valuable goods rising from US$5.5 billion in 2024 to US$9.1 billion in 2025—a 64.72% increase. This growth underscores the country's expanding role as a jewelry sourcing hub for international markets.
Domestic consumption trends
While global gold jewelry consumption rose 16% to 1,402 tons in 2025, Indonesia's domestic consumption declined 27% from 22.8 tons to 16.6 tons. This divergence suggests Indonesian manufacturers are increasingly focusing on export markets rather than domestic demand, potentially offering competitive pricing for overseas buyers.
Industry structure and workforce
Indonesia hosts 539 jewelry industry business units: 49 large-scale, 79 medium-scale, and 411 small-scale enterprises, employing 21,116 workers. This diverse ecosystem supports OEM/ODM capabilities across various production scales, from bulk orders to specialized craftsmanship.
Government support for exporters
The government actively facilitates promotions, exhibitions, technical guidance, export workshops, and the Domestic Product Utilization Improvement Program (P3DN) for small and medium jewelry players. These initiatives aim to enhance export readiness and quality standards, benefiting international buyers seeking reliable Indonesian suppliers.
What buyers should watch
Importers and distributors should monitor Indonesia's export-oriented shift, as manufacturers may offer competitive pricing on gold, silver, and gemstone jewelry. The 64.72% export surge indicates growing capacity and quality improvements. Buyers can explore partnerships with both large-scale and medium-scale producers for diverse product ranges, including bridal collections and fashion jewelry sets.
Source: Read the original report | Published: May 29, 2026