India Gems, Jewellery Exports Rise 3.86% To $2.68 Billion In February

Due to steady demand from key international markets, India’s gems and jewellery exports increased 3.86% year-on-year and reached $2,680.79 million (approx ₹ 24,340.05 crore) in February 2026.

The growth is impressive considering the high volatility in precious metal prices and ongoing global economic uncertainty. As per industry reports, export orders improved in major markets such as the United States and parts of Europe. Presence was also extended in countries like Australia and the UAE.

India remains one of the world’s largest exporters of gems and jewellery, supplying products such as polished diamonds, gold jewellery, and precious stones to global buyers.

Polished Diamonds Are A Major Contributor

India has a well-developed diamond processing industry and processes a large portion of the world’s cut and polished diamonds industry. The city of Surat in Gujarat is widely recognised as a global hub for diamond cutting and polishing.

As per the data from the Gem and Jewellery Export Promotion Council (GJEPC), the export of diamonds reduced slightly by 0.84%. It stood at $1,351.17 million, roughly ₹12,268.05 crore. For the same period in 2025, the figure was $1,362.67 million or ₹ 11,860.71 crore.

But the export number for lab-grown diamonds saw an increase of 1.85% and reached $113.74 million. It was $111.68 million in February 2025.

Gold And Silver Jewellery Exports Also Contributed

Gold jewellery exports also supported the sector’s growth during February. There was a 3.23% growth in this segment with a revenue of $928.85 million, as compared to $899.82 million last year.

Indian exporters are also expanding into emerging markets to reduce reliance on traditional export destinations such as the United States and Europe.

Silver saw the highest jump across all areas. Reports state that silver jewellery exports more than doubled in the period. The growth was 123.77% with a total amount of $116.37 million. It was only $52.01 million last year.

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Investor Takeaway

For investors, the steady rise in gems and jewellery exports indicates stable global demand for India’s diamond and jewellery industry, even during periods of commodity price volatility.

Export performance in this sector can influence the outlook for listed companies involved in diamond processing, jewellery manufacturing, and precious metal trading.

Sources:

NDTV Profit

Business Standard