India’s gems and jewellery exports declined 9.07% year-on-year in April to $2.23 billion, impacted by ongoing geopolitical tensions in West Asia and uncertainty surrounding US tariff policies, according to data released by the Gem and Jewellery Export Promotion Council.
The sector’s total exports stood at $2,226.45 million during the month, compared with $2,448.53 million in April last year. Industry officials said disruptions linked to the West Asia conflict affected global trade flows and buyer sentiment in key overseas markets.
Exports of cut and polished diamonds dropped 19.65% to $890.91 million, while polished lab-grown diamond shipments declined 15.53% to $93.28 million. Gold jewellery exports also fell sharply by 21.77% to $841.54 million during the period.
However, some segments showed resilience. Studded gold jewellery exports rose 16.02% year-on-year, while silver jewellery exports surged 444% to $268.38 million, reflecting stronger demand for lower-priced jewellery products in international markets.