Gems and Jewellery Exports Decline 9% in April 2026 Amid Global Economic Pressures
Gems & jewellery exports fall 9% in April to Rs 20952 cr
The Economic Times
Image: The Economic Times
In April 2026, India's gems and jewellery exports fell by 9.07% to ₹20,952.26 crore (approximately $2.45 billion USD), primarily due to geopolitical tensions affecting global demand. While exports of cut and polished diamonds dropped significantly, segments like silver and platinum jewellery showed remarkable growth, reflecting changing consumer preferences.
- 01Total exports of cut and polished diamonds decreased by 19.65% to ₹8,338.8 crore (approximately $890.91 million USD).
- 02Imports of cut and polished diamonds surged by 260.20% to ₹2,072.99 crore (approximately $222.02 million USD).
- 03Exports of plain gold jewellery plummeted by 47.06% to ₹3,187.76 crore (approximately $341.08 million USD).
- 04Silver jewellery exports skyrocketed by 444.04%, reaching ₹2,511.17 crore (approximately $268.38 million USD).
- 05Colin Shah, MD of Kama Jewelry, noted that the industry faces ongoing pressures due to global economic uncertainties and high bullion prices.
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India's gems and jewellery sector experienced a significant downturn in April 2026, with gross exports declining by 9.07% to ₹20,952.26 crore (around $2.45 billion USD). This decline is attributed to geopolitical tensions in West Asia, prompting cautious buying behavior among consumers and retailers. Exports of cut and polished diamonds fell sharply by 19.65% to ₹8,338.8 crore (approximately $890.91 million USD), reflecting sluggish global demand and inventory adjustments. Conversely, imports of cut and polished diamonds surged by 260.20%, indicating a replenishment of stocks in anticipation of market recovery. Notably, the export of plain gold jewellery saw a drastic decline of 47.06% due to high gold prices and reduced international demand. However, segments such as silver and platinum jewellery demonstrated resilience, with silver exports increasing by an astonishing 444.04% to ₹2,511.17 crore (about $268.38 million USD). Colin Shah, MD of Kama Jewelry, emphasized the need for stability in commodity prices to restore international demand and trade.
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The decline in gems and jewellery exports may lead to reduced revenues for businesses in the sector, potentially affecting jobs and income for workers reliant on this industry.
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