Mumbai: India's gem and jewellery exports for the financial year April 2025 - March 2026 stood at Rs 2,44,827.26 crore, registering a growth of 0.93 per cent in rupee terms compared to Rs 2,42,559.39 crore in the previous financial year.

In dollar terms, exports were recorded at $27.72 billion, reflecting a moderate decline of 3.32 per cent year-on-year.

The performance comes amid a year marked by geopolitical uncertainties, evolving United States tariff regimes, and emerging tensions in West Asia, yet underscores a deeper transformation underway in India's gem and jewellery export landscape.

"FY 2025-26 marks a phase of structural reset for the Indian gem and jewellery industry, where growth is becoming more broad-based and less dependent on a single market. Exporters have actively diversified into new geographies, strengthened value-added segments, and adapted swiftly to evolving global trade dynamics," said Kirit Bhansali, Chairman, GJEPC.

"Free Trade Agreements with the UAE and Australia have played a pivotal role in supporting export diversification and sustaining growth momentum. While exports to the UAE witnessed strong growth of over 22 per cent during April-February 2026, the emerging tensions in the region moderated the overall growth to 10.52 per cent for the full financial year, with exports reaching $8.70 billion," Bhansali added.

"At the same time, markets like Australia have shown robust growth of 38.33 per cent, reinforcing the importance of FTA-led market expansion in building a more resilient and broad-based export ecosystem. The anticipated implementation of FTAs with the UK and EU this year is expected to further support the growth of India's gem and jewellery exports," he said.