India’s Gems and Jewellery Exports Declines 9.07% in April 2026, Amid Weak Global Demand

India’s Gems and Jewellery Exports declined 9.07% year-on-year in April 2026 as demand remained weak in several overseas markets, as per news reports.  

Data released by the industry on May 14 showed total gross exports at $2.45 billion (₹20,952 crore) during the month. 

Imports also fell during the period. Total imports of gems and jewellery products declined 9.54% year-on-year to $2.03 billion.  

The fall in trade was linked to slower demand, fluctuations in precious metal prices, and cautious buying by international traders. 

Diamond Shipments See Sharp Decline 

Cut and polished diamond exports fell 19.65% year-on-year to $890.91 million in April. The segment continued to face lower orders from export destinations as retailers and buyers reduced fresh purchases and cleared existing inventory. 

Imports of rough diamonds declined 29.36% to $847.67 million during the month. The lower import volumes reflected weaker manufacturing activity and reduced processing demand from exporters. 

Exports of polished lab-grown diamonds also remained under pressure. Shipments fell 15.53% year-on-year to $93.28 million due to weaker retail demand and pricing pressure in global markets.  

However, exports of worked lab-grown diamonds by volume increased marginally by 0.36%. 

Gold Jewellery Exports Under Pressure 

Plain gold jewellery exports recorded a steep decline of 47.06% year-on-year to $341.08 million in April. High gold prices affected affordability in several markets and led to lower order volumes from overseas buyers. 

Overall gold jewellery exports, including studded jewellery, declined 21.77% to $841.54 million. At the same time, studded gold jewellery exports rose 16.02% to $500.46 million during the month. 

Silver and Platinum Categories Grow 

Silver jewellery exports reported strong growth despite the slowdown in the sector. Exports rose more than 4 times to $268.38 million, supported by demand for lower-priced jewellery products. 

Platinum jewellery exports increased 90.29% year-on-year to $22.10 million. Exports of coloured gemstones also rose slightly by 1.98% to $31.03 million. 

The April data showed continued pressure across major export categories as global demand remained uneven and bullion prices stayed volatile. 

Read More: Ethanol Production in Uttar Pradesh Rises Over 23% to 2.23 Billion Litres in FY25! 

Conclusion  

Exports across major gems and jewellery categories declined in April as buyers remained cautious in global markets. Demand trends remained uneven across product segments during the month. 

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