COMMODITY
India's gems and jewellery exports decline by 2.49% Y-o-Y in May: GJEPC
Jun-17-2026

The Gem and Jewellery Export Promotion Council (GJEPC) has said that India's gems and jewellery exports declined by 2.49 per cent year-on-year (Y-o-Y) to $2,047.89 million (Rs 19,573.96 crore) in May 2026 from $2,100.21 million (Rs 17,896.16 crore) for the same period last year, following high gold prices and supply constraints.

The total gold jewellery exports declined by 14.75 per cent to $758.44 million (Rs 7,247.76 crore) in May compared to $889.63 million (Rs 7,582.07 crore) in the same period last year. The decline was primarily driven by a sharp contraction in Plain Gold Jewellery exports, which fell 14.75 per cent to $758.44 million in May. The sector has also been facing challenges arising from elevated gold prices, limited availability of gold for export production and regulatory bottlenecks affecting the supply of gold through banking channels.

Meanwhile, Cut and Polished diamonds shipments grew by 3.31 per cent to $980.73 million (Rs 9,378.53 crore) in May compared to $949.30 million (Rs 8,086.48 crore) for the same period last year. Exports of Polished Lab Grown Diamonds in May witnessed a growth of 25.99 per cent at $101.50 million (Rs 970.27 crore) against $80.56 million (Rs 686.84 crore) in the corresponding month of 2025. Silver jewellery exports went up by 14.73 per cent during May to $97.39 million (Rs 928.02 crore) compared to $84.88 million (Rs 724.78 crore) in the same month last year.

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