India gem and jewellery exports rise 3.14% in August as studded gold shipments jump
India’s gem and jewellery exports reached $2.30 billion in August, with studded gold jewellery exports climbing 51.22% year on year. Plain gold jewellery exports fell 23.90% as higher gold prices and constrained duty-free gold availability weighed on shipments.
What happened
Gem and Jewellery Export Promotion Council (GJEPC) · India’s gem and jewellery exports rose 3.14% to $2.30 billion in August, driven by a 51.22% surge in
Key facts
- Total gem and jewellery exports: $2.30 billion (Rs 21,945.87 crore), up 3.14% YoY in August
- Plain and studded gold jewellery exports: $999.83 million, up 11.81% YoY
- Studded gold jewellery exports: $642.85 million, up 51.22% YoY
- Plain gold jewellery exports: $356.97 million, down 23.90% YoY
- Cut and polished diamond exports: $924.51 million, down 4.93% in value; volume up 3.23% to 13.36 lakh carats
What changed
India’s gem and jewellery exports rose 3.14% to $2.30 billion in August, driven by a 51.22% surge in studded gold jewellery shipments. Higher gold prices and limited duty-free gold availability hurt plain jewellery exports, while diamond volumes increased.
Why this matters
India’s jewellery exporters should prioritize studded gold capacity and inventory planning as its 51.22% export surge offsets weakness in plain gold shipments constrained by high prices and limited duty-free gold.
What to watch
- Monthly plain-gold versus studded-gold export data and whether total export growth remains positive.
- International and domestic gold-price direction, volatility and hedge costs.
- Changes to duty-free gold import availability, import rules or replenishment schemes.
- US, Middle East and other key-market holiday and wedding-season jewellery order trends.
- Diamond and lab-grown diamond demand, since weakness in stone supply chains could limit studded-jewellery growth.