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India’s gems and jewellery exports decline 35% in March 2026

15 Apr 2026 Evaluate

The Gem and Jewellery Export Promotion Council (GJEPC) has said that India’s gems and jewellery exports fell by 35.23 per cent in dollar term to $1783.67 million (Rs 16597.20 crore) in March 2026 as compared to $2753.72 million (Rs 23821.76 crore) in March 2025 due to the impact of the conflict in West Asia. Besides, the overall exports of gems and jewellery in 2025-26 dipped marginally by 3.32 per cent to $27,717.40 million (Rs 2,44,827.26 crore) compared to $28,669.53 million (Rs 2,42,559.39 crore) in FY25.

According to data, the overall export of cut and polished diamonds (CPD) showed a decline of 27.48 per cent in March to $838.75 million (Rs 7,798.82 crores) compared to $1,156.60 million (Rs 10,002.52 crores) for the same period of the previous year. The overall exports of CPD dipped by 8.52 per cent to $12,159.83 million (Rs 1,07,461.34 crore) in 2025-26 compared to $13,292.43 million (Rs 1,12,414.32 crore) in 2024-25.

Moreover, the export of total gold jewellery in 2025-26 was flat at $11,364.32 million (Rs 1,00,277.64 crore) over $11,367.42 million (Rs 96,254.5 crores) in the previous year. However, silver jewellery exports in 2025-26 grew by 52.21 per cent to $1,467.47 million (Rs 13,013.54 crores) against $964.10 million (Rs 8,135.78 crores) in the previous year.

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