India's gem & jewellery exports jump 27% in June to $2.21 billion on demand revival

Exports rose 27% to $2.21 billion in June, aided by demand recovery, FTAs and US duty clarity. Gold jewellery exports surged 55% to $1.09 billion and lab-grown diamond exports jumped 52% to $101 million, signaling optimism ahead of the festive and holiday season. Q1 exports touched $6.61 billion.

— Source publishedFri, 17 Jul, 2026, 21:27 IST·First seen Fri, 17 Jul, 2026, 21:37 IST·Source The Hindu BusinessLine

What happened

Gem and Jewellery Export Promotion Council · India's gem and jewellery exports rose 27% in June to $2.21 billion, driven by demand revival, FTAs and US duty

Key facts

  • exports up 27% to $2.21 billion in June
  • imports up 10% to $1.72 billion
  • cut/polished diamond exports up 9% to $847 million
  • lab grown diamond exports up 52% to $101 million
  • gold jewellery exports up 55% to $1.09 billion
  • Q1 exports $6.61 billion

Why this matters

Favorable FTAs and US duty clarity behind this export rebound create an opening to secure supply agreements and pursue partnerships in the fast-growing lab-grown diamond segment.

What to watch

  • Monthly gem & jewellery export prints (volume vs value split)
  • US tariff/duty policy updates and any reciprocal action
  • Gold price trajectory and its impact on jewellery value inflation
  • Lab-grown diamond price realization and margin trend
  • Q2 export data confirming or breaking the June momentum
  • Exporters accelerate festive/holiday order fulfillment to lock in duty clarity window
  • Capacity and working-capital ramp in Surat lab-grown diamond and gold jewellery clusters
  • Retailers and listed jewellers guide up on export mix and Q1 print of $6.61B
  • GJEPC to push FTA utilization and lobby for continued US duty stability

Also reported by