India’s ‘jewellery’ shines all over the world! Gems and jewelery exports increased by 3.86% in February, turnover reached $2.68 billion

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According to the Gem and Jewelery Export Promotion Council (GJEPC), India’s gems and jewelery exports increased by 3.86 per cent year-on-year in February to USD 2,680.79 million (Rs 24,340.05 crore). This growth was due to the industries’ diversification into other markets. According to GJEPC data, total exports in the same month of 2025 were $ 2,581.08 million (Rs 22,460.13 crore). From April 2025 to February 2026, total gems and jewelery exports remained almost stable. It stood at $25,933.72 million (Rs 2,28,230.06 crore) as compared to $25,915.81 million (Rs 2,18,737.62 crore) in the same period last year.

How did exports increase?

GJEPC Chairman Kirit Bhansali said that the last year has been challenging for the global gems and jewelery export industries. This has been impacted by America’s changing tariff policies, geopolitical uncertainties and changing consumer preferences in major markets. Despite these difficulties, the Indian gems and jewelery sector has shown tremendous resilience.

He further said that exporters have actively expanded their export markets. They have strengthened their presence in countries like UAE and Australia, where Free Trade Agreements have played an important role. At the same time, there has been continuous strong support from markets like Hong Kong.

Bhansali said that the recent changes in the US tariff framework have provided some relief to the studded jewelery segment. However, the industry is still awaiting more clarity on the final tariffs on natural diamonds and certain types of loose stones. Under the current US executive order, these currently attract a 10 percent import duty.

These figures were released by GJEPC

  1. According to GJEPC data, a slight decline (0.84 percent) was recorded in the export of cut and polished diamonds in February. It declined to USD 1,351.17 million (Rs 12,268.05 crore) compared to USD 1,362.67 million (Rs 11,860.71 crore) a year ago.
  2. Last month, exports of polished lab-grown diamonds increased by 1.85 percent to USD 113.74 million (Rs 1,033.03 crore) from 111.68 million USD (Rs 972.04 crore).
  3. Last month, total gold jewelery exports witnessed a growth of 3.23 per cent to USD 928.85 million (Rs 8,432.16 crore) as compared to USD 899.82 million (Rs 7,828.05 crore) a year ago.
  4. In February, silver jewelery exports increased by 123.77 per cent to USD 116.37 million (Rs 1,056.30 crore), compared to USD 52.01 million (Rs 452.39 crore) in the same month last year.

Exporters are keeping a close eye

Talking about the ongoing geopolitical tensions in the West Asia region, Bhansali said that as we move towards the final phase of the financial year, the industry is closely monitoring the changing geopolitical events and global trade conditions. He further said that exporters are closely monitoring the situation and working closely with their trading partners to ensure continuity of shipments and supply chains.

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