Gems and Jewellery Exports Fall 9.07% To Rs 20,825 Crore In April Amid Global Disruptions: GJEPC

New Delhi, May 18 (KNN) India's gems and jewellery exports declined 9.07 per cent to USD 2,226.45 million (Rs 20,825.01 crore) in April 2026 from USD 2,448.53 million (Rs 20,952.26 crore) in April 2025, weighed down by disruptions from the West Asia conflict and persisting uncertainty over US import tariffs, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC).

Speaking to PTI, GJEPC Chairman Kirit Bhansali said, "Decline in exports is mainly due to the ongoing conflict in West Asia, which has caused worldwide disruptions affecting exports. Besides geopolitical tensions, exports to the US, a major export market for the gems and jewellery industry, were also affected because there is still no clarity on the tariffs."

Segment-wise Performance

The decline was broad-based across most product categories. Exports of cut and polished diamonds fell 19.65 per cent to USD 890.91 million from USD 1,108.74 million a year ago, while polished lab-grown diamonds declined 15.53 per cent to USD 93.28 million. 

Gold jewellery exports dropped 21.77 per cent to USD 841.54 million, with plain gold jewellery bearing the sharpest fall at 47.06 per cent to USD 341.08 million. Studded gold jewellery, however, bucked the trend, growing 16.02 per cent to USD 500.46 million.

Silver Jewellery Stands Out

Against the broader decline, silver jewellery exports recorded a dramatic surge of 444 per cent to USD 268.38 million in April 2026 from just USD 49.33 million in April 2025, emerging as the sole standout performer in an otherwise subdued month for the sector.

(KNN Bureau)