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Gems and jewellery exports of India decline by 9.07% in April amid ongoing conflict in West Asia

18 May 2026 Evaluate

The Gem & Jewellery Export Promotion Council data has said that gems and jewellery exports of India declined by 9.07 per cent at $2,226.45 million (Rs 20,825.01 crore) in April 2026, as compared to the total exports of $2,448.53 million (Rs 20,952.26 crore) in the same month in 2025. GJEPC Chairman Kirit Bhansali has said that decline in exports is mainly due to the ongoing conflict in West Asia, which has caused worldwide disruptions affecting exports. Besides geopolitical tensions, exports to the US, a major export market for the gems and jewellery industry, were also affected because there is still no clarity on the tariffs.

As per the data, the overall export of cut and polished diamonds declined 19.65 per cent in April at $890.91 million compared to $1,108.74 million for the same period last year. Export of polished lab-grown diamonds dipped 15.53 per cent to $93.28 million in April from $110.43 million last year. Gold jewellery exports were down 21.77 per cent to $841.54 million in April, compared to $1,075.67 million for the same period last year.

The total export of plain gold jewellery at $341.08 in April 2026 showing a decline of 47.06 per cent against $644.33 for the same period of the previous year. However, the exports of studded gold jewellery grew 16.02 per cent at $500.46 in April compared to $431.35 for the same period last year. Further, Silver jewellery exports in April surged by 444 per cent to $268.38 million against $49.33 million in the same month last year.

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