Gem and jewelry exports stabilize, enhance after tariff lower | Surat Information – The Occasions of India

Surat: Gem and jewelry exports from India stabilized between April 2025 and Jan 2026, displaying an improved situation in comparison with the identical months of the earlier monetary yr. Regardless of tariff-related pressures, geopolitical uncertainties and pricing considerations, the steady exports mirrored the resilience of the business.In Jan 2026, nonetheless, there was a drop in exports of lower and polished diamonds by 3.64% from $1 billion in Jan 2025 to $979 million.

General gross gem and jewelry exports from April 2025 to Jan 2026 reached $23.19 billion, a marginal decline of 0.64% from exports of $23.33 billion the earlier yr. This underscored the sector’s underlying stability regardless of unstable circumstances.“India’s gem and jewelry exports remained broadly steady throughout April-Jan, regardless of international headwinds, with a marginal decline underscoring the sector’s resilience. The announcement of the framework for the India-US commerce deal introduced much-needed reduction, with the revised 18% tariff on jewelry and nil obligation on diamonds and colored gem stones inserting India in a superior place over key opponents — throughout diamonds, colored gem stones and studded gold jewelry,” mentioned Kirit Bhansali, chairman, Gem and Jewelry Export Promotion Council (GJEPC).“This benefit is anticipated to assist Indian exporters regain misplaced floor within the US and rebuild commerce, doubtlessly including as much as $3 billion within the close to time period. Supported by market diversification and a powerful pipeline of commerce agreements, the business is properly positioned for restoration and sustained development in FY 2026–27,” he added.The export final result was considerably influenced by a pointy contraction in shipments to the US, India’s largest gem and jewelry export vacation spot, the place exports declined by over 45% on account of elevated tariffs and pricing disadvantages. The not too long ago introduced India-US commerce deal, which restored tariff entry for gems and jewelry at 18%, was anticipated to be a serious inflection level. At the same time as exports to the US confronted short-term stress, India efficiently diversified its export markets, recording robust development throughout a number of key locations.Minimize and polished diamond exports throughout April–January 2026 stood at $9.97 billion, registering a 7.46% year-on-year decline. Complete gold jewelry exports, together with plain and studded jewelry, grew 5.53% year-on-year to $9.71 billion through the interval. Inside this era, plain gold jewelry exports rose marginally by 1.57%, whereas studded gold jewelry exports recorded stronger development of 8.69%, supported by increased value-added demand.Silver jewelry exports surged sharply by 51.21% to $1.28 billion, pushed by sturdy worldwide demand and better silver costs. Platinum jewelry exports grew 49.09% to $215.15 million, aided by rising acceptance in area of interest and premium markets, together with value appreciation.Polished lab-grown diamond exports declined 9.73% year-on-year in worth to $923.62 million, at the same time as export volumes elevated considerably, indicating value softness. Colored gemstone exports stood at $342.34 million, marginally decrease by 3.38% year-on-year, reflecting steady however subdued demand.