India’s gems and jewellery exports recorded strong growth in November, rising nearly 20 percent year-on-year to US$ 2.50 billion, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC). The increase was supported by improved performance across key product categories, particularly cut and polished diamonds.
Category-Wise Export Performance
Exports of cut and polished diamonds registered a notable rise during the month, contributing significantly to the overall growth. Polished lab-grown diamonds also reported steady increases, reflecting higher global demand for cost-effective and alternative diamond products.
Studded gold and silver jewellery emerged as major contributors to export growth in November. Increased employment demand within the sector and the restoration of silver bullion supply chains supported higher shipments in these categories. Exports of silver jewellery benefited from improved availability of raw materials and greater stability in supply chains.
Cumulative Export Trends
Despite the strong monthly performance, cumulative exports for the April–November period remained broadly unchanged at approximately US$ 18.85 billion. This reflects uneven recovery trends in global demand conditions across major consuming markets.
Market Dynamics and Global Demand
Export momentum was supported by stabilising demand in several key international markets, including China, Hong Kong, and the Middle East. This helped offset relatively slower demand from the United States during the period.
The growth in gold-studded jewellery exports highlights India’s role as a global manufacturing and processing centre, supported by skilled labour and established job work capabilities. The increase in silver jewellery exports further indicates improved supply chain efficiency and raw material access.
Industry Outlook
The November export data indicates a positive movement in India’s gems and jewellery trade for the month. The sector continues to play a significant role in India’s export landscape, contributing to foreign exchange earnings, employment generation, and value addition within the manufacturing ecosystem.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.