India’s gem and jewellery exports recorded a modest year-on-year increase in February 2026, rising 3.86% to $ 2,680.79 million (Rs 24,340 crore), according to data released by the Gem & Jewellery Export Promotion Council (GJEPC). The sector had reported exports of $ 2,581.08 million in February 2025.

The growth was primarily supported by improved performance in silver and platinum jewellery exports, which registered strong demand in key international markets during the month. The category has been gaining traction amid shifting consumer preferences and favourable price dynamics in global bullion markets.

Studded gold jewellery exports also witnessed growth during February, while plain gold jewellery shipments declined slightly, reflecting volatility in gold prices and cautious buying trends in certain markets.

For the cumulative period of April 2025 to February 2026, India’s total gem and jewellery exports stood at $ 25.93 billion. The figure remained broadly stable compared to the corresponding period of the previous financial year, indicating a mixed performance across different product segments.

The industry continues to face headwinds in the diamond segment, particularly in cut and polished diamonds, where global demand has remained subdued amid inventory corrections in major consumer markets.

Industry stakeholders note that diversification into emerging export destinations and the strengthening of precious metal jewellery categories are helping offset the slowdown in diamond exports. Trade bodies remain optimistic that improving global demand conditions and strategic market expansion will support export momentum in the coming months.