India’s gems and jewellery sector showed steady growth in February 2026. Exports jumped 3.86% year-on-year to $2,680.79 million (Rs 24,340.05 crore), as reported by the Gem and Jewellery Export Promotion Council (GJEPC). This marks a positive shift amid global challenges, with last year’s February figure at $2,581.08 million (Rs. 22,460.13 crore).
The growth came from smart moves like tapping new markets such as UAE and Australia. Gold and silver jewellery saw strong demand, boosting overall numbers. Cut and polished diamonds dipped slightly by 0.84% to $1.36 billion, but lab-grown diamonds rose 1.85% to $113.74 million. Silver findings and jewellery exports surged, helping offset US market slowdowns where tariffs hit natural diamonds at 10%.
From April 2025 to February 2026, cumulative exports stayed nearly flat at $25,933.72 million, up just 0.07% from $25,915.81 million the prior year. GJEPC Chairman Vipul Shah praised exporters’ resilience: “Diversification and innovation kept us strong despite geopolitical tensions.” This performance highlights India’s key role in global trade, employing over 5 million people.
FAQs [Frequently Asked Questions]
1. What was the exact export growth in February 2026?
Exports rose 3.86% to $2,680.79 million from $2,581.08 million in February 2025, driven by diversification to UAE, Australia, and silver jewellery demand.
2. How did cumulative exports perform April 2025-February 2026?
Nearly flat at $25,933.72 million, a slight 0.07% rise from $25,915.81 million last year, showing sector stability amid global issues.
3. Which segments grew despite diamond dips?
Gold/silver jewellery and lab-grown diamonds increased; lab-grown up 1.85% to $113.74 million, offsetting 0.84% drop in cut/polished diamonds.
(*Image Source- Business Standard)