Geopolitical Pressures Lead to Decline in India's Gems and Jewellery Exports

India's gems and jewellery exports fell by 4.98% to USD 1,883.85 million in December 2025, due to geopolitical uncertainties. While key markets like the US saw a notable decline, the UAE and Australia showed growth, highlighting an effective strategy of diversification, FTAs, and market optimization.

India's gems and jewellery sector reported a 4.98% on-year decline in exports, amounting to USD 1,883.85 million in December 2025, according to the Gem and Jewellery Export Promotion Council (GJEPC).

The downward trend is attributed to geopolitical uncertainties affecting demand in critical export markets, particularly the United States, which experienced a steep 44.42% decline in exports.

Conversely, exports to the UAE and Australia surged, thanks to Free Trade Agreements and market diversification. GJEPC chairman Kirit Bhansali emphasized the need for continued adaptation in product mix and exploring new markets to offset challenges in traditional ones.

(With inputs from agencies.)