India’s gem and jewellery exports jumped 26.5% year‑on‑year in June 2026, reaching USD 2.21 billion, according to data from the Gem and Jewellery Export Promotion Council (GJEPC). The sharp rebound marks one of the strongest monthly performances for the sector this year, driven by lower global gold prices, improved overseas demand, and rising shipments of gold jewellery, cut and polished diamonds, platinum pieces, and lab‑grown diamonds.
The export boost comes after a relatively stable first quarter, signalling renewed momentum in India’s jewellery industry as international markets recover from last year’s slowdown. GJEPC Chairman Kirit Bhansali said the June performance reflects the sector’s resilience despite an evolving global trade environment marked by currency volatility, shifting consumer preferences, and geopolitical uncertainty.
A key factor behind the surge is the global correction in gold prices, which made Indian jewellery more competitive in major markets such as the United States, UAE, Hong Kong, and Europe. Demand for lab‑grown diamonds also continued to rise, with India strengthening its position as a leading exporter in this fast‑growing category.
During the April–June quarter, overall gem and jewellery exports remained steady, but June’s sharp improvement has lifted industry expectations for the rest of the financial year. Exporters say easing freight costs, stabilising supply chains, and strong festival‑season orders from overseas buyers are likely to support continued growth.
The sector’s performance also aligns with India’s broader trade recovery, highlighted by duty‑free exports to the UK under the new trade pact and rising demand for luxury goods in Western markets.