Gems And Jewellery Exports Up 3.86% YoY To USD 2.68 Bn In Feb 2026: GJEPC

New Delhi, Mar 16 (KNN) India’s gems and jewellery exports grew 3.86 per cent year-on-year (YoY) to USD 2.68 billion (Rs 24,340.05 crore) in February, up from USD 2.58 billion (Rs 22,460.13 crore) in the same month last year, according to the Gem and Jewellery Export Promotion Council (GJEPC).

From April 2025 to February 2026, total exports remained largely flat at USD 25.93 billion (Rs 2,28,230.06 crore), compared with USD 25.92 billion (Rs 2,18,737.62 crore) during the corresponding period a year earlier.

Market Diversification Supports Growth

Kirit Bhansali, Chairman, GJEPC, said, “The past year has been challenging for the global gem and jewellery industry, shaped by evolving US tariff policies, geopolitical uncertainties, and changing consumer preferences across key markets. Despite these headwinds, the Indian gem and jewellery sector has demonstrated remarkable resilience.”

He noted exporters have diversified into markets such as the United Arab Emirates and Australia, supported by free trade agreements, while Hong Kong continues to remain a strong market.

Bhansali added that recent developments in the US tariff framework have provided some support to the studded jewellery segment, though clarity is still awaited on the final tariff treatment for natural diamonds and certain loose stones currently subject to a 10 per cent import duty.

Segment-wise Export Trends

Exports of cut and polished diamonds declined slightly by 0.84 per cent to USD 1.35 billion (Rs 12,268.05 crore) in February from USD 1.36 billion (Rs 11,860.71 crore) a year earlier.

Polished lab-grown diamond exports rose 1.85 per cent to USD 113.74 million (Rs 1,033.03 crore) from USD 111.68 million (Rs 972.04 crore).

Gold jewellery exports increased 3.23 per cent to USD 928.85 million (Rs 8,432.16 crore), compared with USD 899.82 million (Rs 7,828.05 crore) in February last year.

Silver jewellery exports recorded the sharpest rise, surging 123.77 per cent to USD 116.37 million (Rs 1,056.30 crore) from USD 52.01 million (Rs 452.39 crore).

Bhansali said exporters remain watchful of geopolitical developments in West Asia and are working with trade partners to ensure continuity of shipments and supply chains as the financial year approaches its final phase.

(KNN Bureau)