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.
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 jewellery dropped sharply, while silver jewellery exports surged 444% and studded gold rose 16%.