Editor’s Note
India’s gem and jewellery exports fell nearly 6% in January, reflecting ongoing global trade headwinds and market-specific tariff pressures. This data from the Gem & Jewellery Export Promotion Council highlights the sector’s current challenges.
Amidst adverse global trade conditions and tariff-related pressures in key markets, India’s gem and jewellery exports declined by 5.79% year-on-year to USD 2.2385 billion in January, according to the Gem & Jewellery Export Promotion Council (GJEPC) on Friday.
In a statement, GJEPC said total exports in the corresponding period last year, January 2025, stood at USD 2.376 billion.
However, total exports during April 2025-January 2026 remained stable at USD 23.1858 billion, showing a marginal decline of 0.64% compared to USD 23.3347 billion exported during the same period last year.
The export results were significantly impacted by a sharp decline in exports to the USA, India’s largest gem and jewellery export destination. Exports there fell by over 45% due to higher tariffs and price reductions.
Meanwhile, India has successfully diversified its export markets. During April 2025 – January 2026, exports to the United Arab Emirates grew by 23.71%, exports to Hong Kong grew by 33.5%, while Australia and France saw strong growth of over 36%.
Double-digit growth was also recorded in other markets like Belgium, Thailand, and Israel, indicating India’s growing global presence and the industry’s ability to adapt to changing trade dynamics.
