The total export of Cut & Polished diamonds stood at US$ 890.91 million (Rs. 8,338.8 crores) in the month of April 2026 and is showing a decline of 19.65% (12.10% in Rs. term) as compared to US$ 1,108.74 million (Rs. 9,486.88 crores) of last year. This decline is attributed to sluggish demand in the world market, prudent retailer buying and ongoing inventory adjustments in major export markets.
The gross exports of the same product category in terms of carats decreased to 1.54% for April 2026 on a y-o-y basis. Meanwhile, the total value of imports of cut & polished diamonds was at US$ 222.02 million (Rs. 2,072.99 crores) in month of April 2026 is showing a growth of 260.20% (+293.07% in Rs. term) as compared to US$ 61.64 million (Rs. 527.39 crores) in the previous year. The imports experienced strong growth owing to replenished stocks, expectation of recovery in the global demand and increased their procurement activities from the SEZs.
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Gross imports of rough diamonds at US$ 847.67 million (Rs. 7,908.72 crores) in April 2026 have shown a decline of 29.36% (22.96% Rs. term) compared to imports at US$ 1,200.06 million (Rs. 10,265.19 crores). The drop was attributed to subdued demand for diamonds in the global market, as well as cautious purchasing and lower manufacturing activity.
Provisional gross export of polished lab grown diamonds for the period APR 2026 at US$ 93.28 million (Rs. 872.16 crores) shows a decline of 15.53% (7.63% in Rs. term) over the comparative figure of US$ 110.43 million (Rs. 944.21 crores). The segment experienced pressure from lower global demand for retail products, pricing adjustment and increased competition in the international markets.
In terms of quantity, exports of worked lab grown diamonds grew at 0.36% in April 2026 compared to the previous year at 13.59 lakh carats. Total export of plain gold jewellery worth US$ 341.08 million (Rs. 3,187.76 crores) in the month of April 2026 reflects a decline of 47.06% (42.21% in Rs. term) as compared to US$ 644.33 million (Rs. 5,516.21 crores). The drop was largely attributable to high prices for gold, reduced demand from abroad and a drop in orders for bulk buys from important foreign markets. The gold price increase had major consequences for the world, affecting its affordability and purchasing sentiment.The total export of studded gold Jewellery stood at US$ 500.46 (Rs. 4677.41 crores) in month of April 2026 showing a growth of 16.02(26.75% in Rs. term) as compared to US$ 431.35(Rs. 3690.24 crores) for the same period of previous year. The growth was attributed to the growing demand for premium and fashion jewellery across the global markets, and the growing acceptability of the jewellery designs which come with studs.
Provisional gross export of silver jewellery in April 2026 stood at US$ 268.38 million (Rs. 2511.17 crores) shows growth of 444.040% (495.13% Rs. term) over the comparative figure of US$ 49.33 million (Rs. 421.95 crores) for previous year. This particular segment had shown outstanding growth as a result of the high demand for affordable jewellery substitutes in the global market, rising fashion-related consumption level and positive export prospects. Volatility in the price of silver during the period also contributed to the sharp rise.
A provisional gross export of platinum jewellery worth 22.10 million USD (Rs. 206.57 crores) was exported showing a growth of 90.29% (107.81% in Rs. term) over the comparative figure of US$ 11.62 million (Rs.99.41 crores). The rise in exports was attributed to rising demand from the developed markets and the preference of the consumers towards buying the premium contemporary jewellery, especially in the bridal and lifestyle segment.
Commenting on the export performance Colin Shah, MD, Kama Jewelry, said, “The Indian gems and jewellery exports continually has been under the pressure due to persistent global economic headwinds and overall underperformance. The month of April 2026 too reflects the same trend amid the uncertainties at a global level triggering volatility in precious metal prices.”
“The traditional categories or star performers such as cut and polished diamonds and plain gold jewellery remained under pressure due to cautious consumer sentiment and high bullion prices. Other segments like silver jewellery, platinum jewellery and studded gold jewellery demonstrated strong resilience and growth driven by evolving global consumer preferences. While there is no predictable sign, we remain strongly hopeful of a possible truce between the countries at conflict as it is critical to bring stability in commodity prices, that will reinstate international demand and trade will get back on track,” he added.