Editor’s Note
This article, sourced from PTI, reports a year-on-year decline in India’s gem and jewellery exports for December 2025, attributed to geopolitical uncertainties affecting key markets. Figures are provided by the Gem & Jewellery Export Promotion Council (GJEPC).
Mumbai, January 16 (PTI) India’s total gem and jewellery exports declined by 4.98 per cent year-on-year to USD 1.88 billion (Rs 16,978.44 crore) in December 2025, as geopolitical uncertainties impacted demand in key export markets, the Gem & Jewellery Export Promotion Council (GJEPC) said on Friday.
GJEPC said total gem and jewellery exports stood at USD 1.98 billion (Rs 16,843.87 crore) in December 2024.
During April-December of the current fiscal year, exports remained nearly flat at USD 20.75 billion on an annual basis. In the same period last year, it was USD 20.84 billion.
GJEPC said the near-flat performance indicates market stability. Jewellery exports, particularly gold, silver, and platinum jewellery, have seen good growth, offsetting the softening in cut and polished diamonds and lab-grown diamonds.
A key stabilising factor has been the industry’s ability to leverage Free Trade Agreements (FTAs) and expand its presence in other markets. Exports to the United Arab Emirates grew 28.08 per cent year-on-year to USD 6.89 billion, while exports to Hong Kong grew 28.19 per cent to USD 4.25 billion.
Exports to Australia also saw good progress, rising 39.83 per cent to USD 277.8 million. This highlights the growing importance of diversified and FTA-supported markets.
However, GJEPC data revealed that exports to the United States during April-December 2025 declined 44.42 per cent year-on-year to USD 3.86 billion. In the same period last year, it was USD 6.95 billion.
In December 2025 alone, exports to the US fell 50.44 per cent year-on-year, reflecting the continued impact of tariff-related pressures and weak demand.