【India】India's Gems and Jewellery Exports Fall 2% in May as Gold Supply Constraints and High Prices Hurt Demand
Jun 16, 2026Local score 6.4
Source image preserved for article context.Editor's note
This decline signals sourcing risks for buyers reliant on Indian gold jewelry, as tight supply and high prices persist. The resilience in diamonds offers an alternative, but regulatory and supply-chain uncertainties in gold remain key concerns for overseas procurement.
India's gems and jewellery exports declined by 2% year-on-year to $2.05 billion in May 2026, driven by tight gold supply, elevated prices, and weak global demand. The drop signals ongoing headwinds for overseas buyers sourcing from India, particularly in gold jewelry categories, while polished diamonds and lab-grown diamonds showed resilience.
