Editor’s Note
India’s gems and jewellery sector showed robust growth in November, with exports rising nearly 20% year-on-year to $2.5 billion. This performance was led by strong shipments of cut and polished diamonds, studded gold jewellery, and silver items.
India’s gems and jewellery exports surged nearly 20% year-on-year to $2.5 billion in November, driven by strong shipments of cut and polished diamonds, studded gold jewellery, and silver items. This marks a significant increase from the $2.1 billion recorded in November of the previous year.
Cut and polished diamonds saw a sharp increase, with gross exports rising to $919.74 million from $666.34 million a year earlier. Lab-grown polished diamonds also grew by 10.55%, reaching $76.09 million compared to $68.83 million last year.
Gold jewellery exports remained largely flat at $1.21 billion versus $1.23 billion a year ago, as volatility in global prices continued to weigh on orders. In contrast, studded gold jewellery exports surged to $828.89 million from $555.39 million, supported by higher job-work demand in India.
Silver jewellery shipments posted one of the strongest recoveries, soaring to $197.97 million from $63.99 million after supply constraints from previous months eased.
Cumulative exports for the April–November period remained broadly unchanged at $18.86 billion, compared with $18.85 billion in the corresponding period of 2023–24, reflecting uneven global demand conditions across major markets.
said GJEPC chairman Kirit Bhansali. He added that gold-studded jewellery exports surged as job-work orders increased, while silver shipments rebounded with supply chains normalising.
Despite the mixed trends across categories, industry leaders expect export momentum to improve in the coming months as inventories stabilise and global retail demand turns more favourable.