【Mumbai, Indi】Trump Tariffs Ineffective! How India’s Diamonds and Gems Roared in the Chinese Market; Direct Benefit of ₹18,756 Crore

Editor’s Note

This report highlights a significant 15.98% year-on-year surge in India’s gem and jewellery exports for July, a robust performance amid ongoing global economic headwinds. The data underscores the sector’s resilience and its critical role in the national export economy.

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Strong Export Growth in July

Mumbai. Amid global challenges, gem and jewellery exports in July saw a year-on-year growth of 15.98 percent, reaching ₹18,756.28 crore. According to data shared by the Gem & Jewellery Export Promotion Council (GJEPC), the total gem and jewellery exports in the same month of 2024 were ₹15,700 crore.

Industry Leader’s Statement
“Exports in July were good and an encouraging sign for our industry. This was primarily boosted by successful order bookings during the India International Jewellery Show (IIJS) Premier and a strong comeback in the Hong Kong market. This performance is encouraging amid global challenges like US tariffs.”

Kirit Bhansali, President of GJEPC, said.

Order Bookings and Sectoral Performance

The Council stated that the recently concluded IIJS Premier 2025 saw estimated order bookings of ₹70,000-90,000 crore, boosting industry confidence ahead of the festive season. According to GJEPC data, the total export of cut and polished diamonds in July 2025 increased by 17.76 percent to ₹9,230.66 crore, compared to ₹7,608.79 crore in the same period last year.
In July, the total export of gold jewellery increased by 16.39 percent to ₹7,005.96 crore, compared to ₹5,844.28 crore in the same period last year. The export of lab-grown diamonds in July increased by 27.61 percent to ₹1,054.65 crore, compared to ₹802.16 crore in the same period a year ago.

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⏰ Published on: August 13, 2025