India’s G&J Exports fell 31% in October

India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion/Rs 19,172.89 crore. Exports of cut and polished diamonds fell 26.97% to $1.02 billion (Rs 9,071.41 crore), down from $1.40 billion (Rs 11,806.45 crore) a year earlier. India’s gems and jewellery exports fell sharply in October, sliding 30.57% to $2.17 billion/Rs 19,172.89 crore. 

Exports of polished lab-grown diamonds also slid by 34.90% to $94.37 million (Rs 834.45 crore), compared with $144.96 million (Rs 1,218.25 crore) last October. Gold jewellery exports dropped 28.4% to $850.15 million (Rs 7,520.34 crore) from $1.18 billion (Rs 9,975.17 crore) a year earlier. 

Exports of coloured gemstones during April–October slipped 3.21% to $250.14 million (Rs 2,173.08 crore). Silver jewellery shipments dipped 16% in October to $121.37 million (Rs 1,072.81 crore), down from $145.05 million (Rs 1,219.01 crore) in 2024.