India’s gems and jewellery exports recorded a strong recovery in June, rising more than 26% year-on-year after a prolonged period of subdued performance, signalling renewed momentum in overseas demand for the sector.
The sharp increase was driven by improved shipments across key product categories, including cut and polished diamonds, gold jewellery, and studded jewellery, supported by stronger demand from major international markets. Exporters also benefited from improving global market sentiment and easing inventory levels among overseas buyers.
Industry representatives said the June performance reflects a gradual revival in export activity following months of weak demand caused by global economic uncertainty and cautious consumer spending. They remain optimistic that upcoming festive and holiday buying seasons in key markets will further support export growth in the second half of the financial year.
The rebound is expected to provide relief to India’s gems and jewellery industry, a major contributor to the country’s merchandise exports and employment. Industry stakeholders, however, continue to monitor global economic conditions, currency movements, and geopolitical developments that could influence export demand in the coming months.