India's gems & jewellery exports slip 9% in April to $2.23B as diamonds, plain gold sink
GJEPC data shows April exports at $2,226.45M, down 9.07% YoY, weighed by West Asia conflict and US tariff uncertainty. Cut & polished diamonds fell 19.65%, plain gold jewellery dropped 21.77%. Bright spots: silver jewellery exports surged 444% and studded gold rose 16.02%, signalling a mix shift toward design-led categories.
What happened
GJEPC · India's gems and jewellery exports fell 9.07% YoY to $2.23B in April, hit by West Asia conflict and US tariff uncertainty. Diamonds and plain gold
Key facts
- $2,226.45M April exports
- -9.07% YoY
- cut/polished diamonds -19.65%
- gold jewellery -21.77%
- silver jewellery +444%
- studded gold +16.02%
Why this matters
Scout bolt-on acquisitions in silver jewellery design houses and studded gold ateliers while distressed valuations emerge among diamond-heavy exporters squeezed by the 19.65% category decline.