India’s gem and jewellery exports continued their growth trajectory in September 2026, with gross exports rising 9.43% in US dollar terms and 18.24% in rupee terms year-on-year to US$ 2.95 billion (Rs. 28,157.55 crore), compared to US$ 2.70 billion (Rs. 23,813.91 crore) in September 2025. For April–September 2026, India’s gross gem and jewellery exports reached US$ 14.30 billion (Rs. 136,068.27 crore), registering growth of 3.07% in US dollar terms and 13.40% in rupee terms over the corresponding period last year. The performance reflects continued export growth despite global uncertainties, with strong gains in studded gold jewellery, silver jewellery and polished lab-grown diamonds helping support the sector.

Studded gold jewellery has emerged as a strong performer, with exports growing 31.31% in US dollar terms to US$ 3.69 billion during April–September 2026. The growth reflects the benefits of improved trade access under the India–UK trade agreement and reduced US tariffs, alongside strong performance in key markets such as Hong Kong, Singapore and France.