India’s gem and jewelry exports showed little change between April 2025 and January 2026, as increases in key markets offset a decline in shipments to the US.
Exports declined 0.6% compared to the same period the previous year in US dollar terms, but rose 3.7% in Indian rupees, the Gem and Jewellery Export Promotion Council (GJEPC) said last week.
Supply to the US declined 45% amid elevated tariffs. However, higher shipments to other destinations — including a rise of 24% to the United Arab Emirates, 34% to Hong Kong, and 36% each to Australia and France — offset the drop. Belgium, Thailand and Israel registered double-digit growth.
