India gem & jewellery exports drop 9.07% in April to $2.23B as diamonds, gold slump
GJEPC data shows April exports at $2.23B, down 9.07% YoY, hit by Middle East conflict and US tariff uncertainty. Cut & polished diamonds fell 19.65% to $890.91M and gold jewellery dropped 21.77% to $841.54M, with plain gold down 47.06%. Silver jewellery bucked the trend, surging 444% to $268.38M.
What happened
GJEPC · India's gem and jewellery exports fell 9.07% YoY in April to $2.23B as Middle East conflict and US tariff uncertainty hit demand. Diamonds and gold
Key facts
- -9.07% YoY
- $2,226.45M total April exports
- cut & polished diamonds -19.65% to $890.91M
- gold jewellery -21.77% to $841.54M
- plain gold -47.06%
- studded gold +16.02%
- silver jewellery +444% to $268.38M
Why this matters
Distressed valuations among diamond and plain gold exporters could open acquisition windows, while silver-focused capabilities become strategically attractive for portfolio diversification.