Gems and jewellery exports rise by 6.5% to $2.9 bn in Sept

Mumbai: The overall gems and jewellery exports rose by 6.55 per cent in September to $2,914.29 million (Rs25,737.50 crore) despite global headwinds as festive and wedding season demand gains momentum, the Gem and Jewellery Export Promotion Council (GJEPC) said on Tuesday.

Gem and jewellery exports stood at $2,735.26 million (Rs22,925.81 crore) in September 2024, GJEPC said in a statement.

In the first half of 2025-26, the overall gem and jewellery exports witnessed a growth of 3.66 per cent at $14.09 billion compared to $13.60 billion in the same period of the previous fiscal.

"The first half of this financial year reflects encouraging signs of recovery for the industry. Demand for gem and jewellery products has strengthened across key markets such as the UAE, Hong Kong, and the UK, with exports registering consistent growth. The upcoming festive and wedding season among the Indian diaspora, together with the holiday season demand in global markets, is expected to further sustain this positive momentum in the coming quarter," GJEPC Chairman Kirit Bhansali said.

However, the United States - a key destination for Indian gem and jewellery exports - continued to face challenges due to tariff-related factors, according to GJEPC data.

For the April-September period of 2025, overall exports to the US declined 40.28 per cent to $2,770.66 million.