India’s gems, jewellery exports fall 23.49%

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Published

March 20, 2025

India’s gems and jewellery exports declined by 23.49 percent in February, totaling $2,422.9 million, compared to the same month last year. The Gem and Jewellery Export Promotion Council (GJEPC) reported this decrease, attributing it to a continued dip in demand in the US and China.

Overall exports of gems and jewellery from April 2024 to February 2025 showed a dip of 13.43 percent, amounting to $25,732.72 million, compared to $29,724.13 million for the same period in the previous year. The decline is primarily attributed to the continuous dip in demand in China and the US, along with the impact of ongoing geopolitical tensions on key export markets, including the US, China, and the G7 nations.

Additionally, the correction in rough diamond prices by 10-15 percent has impacted the value, contributing to the overall decline in exports.

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