Business

India's Gem and Jewellery Exports Shine Bright with a 15.98% Surge in July, Thanks to Festive Demand and Hong Kong's Market Revival

India's Gem and Jewellery Exports Experience a Significant Boost

Strong order bookings at the India International Jewellery Show (IIJS) Premiere and a recovery in the Hong Kong market have propelled India's gem and jewellery exports to a 15.98% year-on-year increase, reaching $2,178.24 million (Rs 18,756.28 crore) in July. This growth is a testament to the industry's resilience amidst global challenges.

Festive sparkle lifts exports: Gem and jewellery shipments jump 15.98% to $2.18 bn in July, Hong Kong rebound aids growth

Key Drivers Behind the Export Growth

The successful IIJS Premiere 2025, generating estimated orders worth Rs 70,000–90,000 crore, and the anticipated SAJEX 2025 in Saudi Arabia, are set to further enhance industry sentiment and open new trade avenues in the Gulf region.

Segment-wise Performance Highlights

Cut and polished diamond shipments rose by 17.76%, while polished lab-grown diamond exports saw a 27.61% increase. Gold jewellery exports also climbed by 16.39%, showcasing the diverse strength of India's gem and jewellery sector.