India’s gems and jewellery exports declined by 9% in April, reflecting continued weakness in global demand and cautious buying patterns across key international markets. Industry data indicated that reduced discretionary spending in major export destinations, along with geopolitical and macroeconomic uncertainties, weighed on shipments during the month.
Exporters said demand remained subdued in key markets such as the United States, Europe and parts of the Middle East, impacting orders for polished diamonds, gold jewellery and studded ornaments. Higher inventory levels in global retail channels and fluctuating gold prices also contributed to the slowdown in export volumes.
Industry representatives noted that while the sector continues to face short-term headwinds, expectations remain for gradual recovery in the coming months, supported by seasonal demand, festive buying cycles in select markets and ongoing efforts to diversify export destinations and product categories.