India's gems and jewelry sector has demonstrated remarkable resilience in the global market, recording a significant growth in exports during the month of September. 43 percent on a year-on-year basis. 55 crore rupees. 91 crore rupees.
Strong Performance in the First Half of Fiscal Year 2026-27
The positive momentum in September has also contributed to a steady performance in the first half of the current financial year, while 07 percent annually. 87 billion dollars recorded during the same period in the previous fiscal year. This growth indicates a stable trajectory for the industry despite various international economic challenges.
Detailed Breakdown of Jewelry Export Categories
A closer look at the data reveals varying trends across different segments of the jewelry industry. 23 crore rupees). 23 crore rupees) recorded in September 2025. The recovery in the Dubai market is cited as a primary reason for this uptick.
The most significant growth was observed in the studded gold jewelry segment. 73 crore rupees) in September 2026.36 crore rupees) in the same month last year. This strong performance highlights the increasing global demand for India's intricately designed studded jewelry.
Market Drivers and Global Reach
07 percent increase in the first half of the fiscal year are highly encouraging. He noted that India's gems and jewelry exports are expanding despite global trade uncertainties. Several factors have supported this growth, including improved market access through Free Trade Agreements (FTAs), such as the India-UK trade agreement, and duty cuts implemented by the United States. On top of that, strong performances in key markets like Hong Kong, Singapore, and France have provided a significant boost to the export figures.
Trends in Diamonds and Silver Jewelry
While the jewelry segment flourished, the diamond sector presented a mixed picture. 35 crore rupees) in the previous year. However, the lab-grown diamond segment continued its upward trend. 58 crore rupees) in September 2025.
49 percent on a year-on-year basis. 77 crore rupees) in September 2025. Bhansali pointed out that while the overall growth is positive, challenges remain in terms of demand and market conditions, particularly in West Asia, which is a major destination for plain gold jewelry exports.