India’s Gem and Jewellery Exports Rise 34% to $2.92 Billion in October

India exported gems and jewellery worth $2.92 India’s gem and jewellery exports rose 34% to $2.92 billion in October, with gold jewellery seeing a sharp rise in demand.  

billion in October 2026, up 34.01% from $2.18 billion in October last year, according to the Gem and Jewellery Export Promotion Council (GJEPC). 

The industry got more working days this October as Diwali fell in November this year. This gave manufacturers more time to make and ship orders. Demand ahead of the Christmas and holiday season also helped. 

Exports Rise 7.28% Between April and October 

India’s gem and jewellery exports stood at $17.22 billion between April and October, compared with $16.05 billion in the same period last year. This was a rise of 7.28%. 

Among the major markets, exports to Hong Kong rose 18.8% to $3.95 billion. Shipments to the US increased 14.87% to $3.61 billion, while exports to Belgium grew 30.02% to $923.19 million. 

The UAE remained the largest market, with exports of $4.87 billion. However, shipments to the country fell 10.27% during the period. 

Gold Jewellery Sees a Sharp Rise 

Gold jewellery was a major contributor to October’s growth. Its exports rose 67.3% during the month. Cut and polished diamond exports also returned to growth, increasing 10.5%. 

Silver jewellery exports grew 28.98% between April and October, reaching around $933 million. But higher silver prices have pushed up costs for manufacturers. Some buyers are also being careful about how much they order. 

What Is Driving Demand in Overseas Markets? 

The US and Hong Kong continue to be important markets for Indian exporters. However, changes in trade flows and weaker shipments to the UAE have affected business in some markets. 

Exporters are now looking to the Christmas and holiday shopping season to bring in more orders in the coming months. 

Read More: Punjab Government Increases DA to 221% for Computer Teachers! 

Conclusion 

October was a strong month for the gem and jewellery industry, with gold jewellery leading the rise. Exports have also grown in the first seven months of FY27. However, higher raw material costs and the fall in shipments to the UAE remain concerns for the industry. 

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