The Gem and Jewellery Export Promotion Council (GJEPC) has said that India’s gems and jewellery exports fell by 35.23 per cent in dollar term to $1783.67 million (Rs 16597.20 crore) in March 2026 as compared to $2753.72 million (Rs 23821.76 crore) in March 2025 due to the impact of the conflict in West Asia. Besides, the overall exports of gems and jewellery in 2025-26 dipped marginally by 3.32 per cent to $27,717.40 million (Rs 2,44,827.26 crore) compared to $28,669.53 million (Rs 2,42,559.39 crore) in FY25.

According to data, the overall export of cut and polished diamonds (CPD) showed a decline of 27.48 per cent in March to $838.75 million (Rs 7,798.82 crores) compared to $1,156.60 million (Rs 10,002.52 crores) for the same period of the previous year. The overall exports of CPD dipped by 8.52 per cent to $12,159.83 million (Rs 1,07,461.34 crore) in 2025-26 compared to $13,292.43 million (Rs 1,12,414.32 crore) in 2024-25.

Moreover, the export of total gold jewellery in 2025-26 was flat at $11,364.32 million (Rs 1,00,277.64 crore) over $11,367.42 million (Rs 96,254.5 crores) in the previous year. However, silver jewellery exports in 2025-26 grew by 52.21 per cent to $1,467.47 million (Rs 13,013.54 crores) against $964.10 million (Rs 8,135.78 crores) in the previous year.