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.
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 jewellery slumped sharply, while silver jewellery exports surged 444%, per GJEPC data.