India’s Gems and Jewellery Exports Drop 30.57% in October 2025: GJEPC

India’s gems and jewellery sector reported a sharp downturn in October 2025, with exports declining by 30.57% to $2,168.05 million (₹19,172.890 crore). As per the data released by the Gems and Jewellery Export Promotion Council that global demand softened as buyers advanced festive orders earlier in the year, while fluctuations in bullion prices added further pressure. 

Exports Decline Across Key Segments 

Overall shipments dropped from $3,122.52 million (₹26,237.1 crore) a year earlier, reflecting subdued activity across major product categories. Exports of cut and polished diamonds fell 26.97% to $1,025.99 million (₹9,071.41 crore), while polished lab-grown diamonds recorded a 34.90% drop to $94.37 million.  

Gold jewellery exports decreased 28.4% to $850.15 million, driven by erratic gold prices. Silver jewellery shipments also declined 16% to $121.37 million. As per the council, much of the festive restocking had already taken place before 27 August ahead of tariff changes in the US, contributing to lower October volumes. 

Sector Outlook and Market Drivers 

The council expressed cautious optimism for November as Chinese markets show early signs of recovery and Christmas-related orders begin to flow in. Coloured gemstone exports for April to October slipped 3.21% to $250.14 million, though exporters expect gradual improvement as global markets stabilise.  

The Gems and Jewellery Export Promotion Council noted that volatility in bullion continues to influence demand patterns, but upcoming seasonal requirements may support a moderate rebound. 

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Conclusion 

Despite a challenging October, exporters anticipate a gradual pickup in the coming months as global markets prepare for year-end demand and price conditions stabilise. 

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