India’s gems and jewellery exports rose 26.51% year-on-year in June 2026, reflecting a recovery in global demand and improved shipments across key export categories, including cut and polished diamonds, gold jewellery, and studded jewellery. The strong monthly performance provides a boost to the sector after a prolonged period of subdued exports driven by weak international demand and inventory corrections in major markets.
The rebound is expected to improve sentiment across India’s gem and jewellery industry, one of the country’s largest foreign exchange earners, while supporting manufacturers and exporters serving key markets such as the United States, the Middle East, and Europe.
India’s Gems and Jewellery Exports Jump 26.51% in June
The sector recorded robust year-on-year growth during June 2026.
| Key Highlights | Details |
|---|---|
| Growth in exports | 26.51% YoY |
| Period | June 2026 |
| Sector | Gems and Jewellery |
| Key drivers | Recovery in overseas demand and higher shipments |
| Major export products | Cut and polished diamonds, gold jewellery, studded jewellery |
| Industry body | Gem & Jewellery Export Promotion Council (GJEPC) |
The increase suggests improving demand conditions in global jewellery markets after several quarters of slower trade.
What’s Driving the Export Growth?
Several factors contributed to the rise in exports.
Key drivers include:
- Recovery in international consumer demand.
- Higher orders from major export markets.
- Improved inventory replenishment by overseas buyers.
- Stronger demand for gold and diamond jewellery.
- Seasonal improvement in global jewellery purchases.
- Better export momentum across multiple product categories.
The rebound comes as exporters continue to diversify markets and strengthen their international presence.
Why the Sector Matters
India remains one of the world’s leading centres for gem cutting, polishing, and jewellery manufacturing.
The industry:
- Generates significant export earnings.
- Supports millions of jobs directly and indirectly.
- Has a strong MSME presence.
- Plays a key role in India’s manufacturing exports.
- Supplies jewellery to markets across North America, Europe, the Middle East, and Asia.
Export Snapshot
| Metric | Details |
|---|---|
| Export growth | 26.51% YoY |
| Month | June 2026 |
| Industry | Gems and Jewellery |
| Key markets | US, Middle East, Europe, Asia |
| Major products | Diamonds, gold jewellery, studded jewellery |
Impact on the Industry
The stronger export performance could have several positive effects.
Potential benefits include:
- Improved order books for exporters.
- Higher factory utilization.
- Increased employment opportunities.
- Better cash flows for manufacturers.
- Stronger confidence across the jewellery value chain.
- Support for India’s overall merchandise exports.
A sustained recovery in overseas demand could further strengthen the industry’s contribution to India’s export growth.
Challenges Ahead
Despite the positive momentum, exporters continue to face several risks.
These include:
- Volatility in gold and diamond prices.
- Geopolitical uncertainty affecting global trade.
- Currency fluctuations.
- Changing consumer spending patterns.
- Competition from other jewellery-exporting countries.
- Evolving sustainability and traceability requirements.
Maintaining export growth will depend on continued demand recovery in major international markets, and some players are already managing bullion price swings by moving gold hedges to MCX futures.
Outlook
The 26.51% increase in gems and jewellery exports during June 2026 marks a welcome turnaround for one of India’s most important export industries. If demand remains resilient through the festive and holiday buying seasons in key overseas markets, exporters could see stronger order inflows in the coming months.
Continued policy support, product diversification, and expansion into new international markets are expected to play an important role in sustaining export momentum and enhancing India’s competitiveness in the global gems and jewellery trade.
What It Means for India’s Export Sector
The sharp rise in June exports indicates improving global demand for Indian gems and jewellery and reinforces the sector’s importance as a major contributor to foreign exchange earnings. A sustained recovery would benefit manufacturers, exporters, artisans, and the broader supply chain while supporting India’s merchandise export growth in FY2026-27.
Frequently Asked Questions
How much did India’s gems and jewellery exports grow in June 2026?
India’s gems and jewellery exports rose 26.51% year-on-year in June 2026, marking a strong recovery for the sector after several quarters of subdued trade.
What is driving the growth in gems and jewellery exports?
The rise is driven by a recovery in international consumer demand, higher orders from major markets, inventory replenishment by overseas buyers, and stronger demand for gold and diamond jewellery.
Which are the major markets for India’s gems and jewellery exports?
Key export markets include the United States, the Middle East, Europe, and Asia, with major products being cut and polished diamonds, gold jewellery, and studded jewellery.
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