India’s gems and jewellery exports fall 9.07% in April amid West Asia conflict

India’s gems and jewellery exports declined 9.07 per cent year-on-year to USD 2,226.45 million (Rs 20,825.01 crore) in April 2026, impacted by the ongoing West Asia conflict and weak global demand, according to data released by the Gem & Jewellery Export Promotion Council (GJEPC).

The country’s total gems and jewellery exports stood at USD 2,448.53 million (Rs 20,952.26 crore) in April 2025.

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Exports of cut and polished diamonds witnessed a sharp decline of 19.65 per cent to USD 890.91 million in April 2026, compared to USD 1,108.74 million in the corresponding month last year.

Polished lab-grown diamond exports also fell 15.53 per cent to USD 93.28 million during the month under review, against USD 110.43 million a year ago.

Gold jewellery exports dropped 21.77 per cent to USD 841.54 million in April 2026 from USD 1,075.67 million in April 2025. Within the segment, exports of plain gold jewellery recorded a steep fall of 47.06 per cent to USD 341.08 million, compared to USD 644.33 million in the same period last year.

However, studded gold jewellery exports registered a growth of 16.02 per cent, rising to USD 500.46 million in April 2026 from USD 431.35 million a year earlier. In contrast to the overall declining trend, silver jewellery exports surged 444 per cent to USD 268.38 million in April 2026, against USD 49.33 million in the corresponding month of the previous year.

Industry experts attributed the decline in overall exports to geopolitical tensions in West Asia, fluctuations in consumer demand, and global economic uncertainties affecting key international markets.