Gem and Jewellery Exports Rise 34% to $2.92 Billion in October

India's gem and jewellery exports rose 34.01% to $2.92 billion in October 2026, from $2.18 billion in October 2025, according to data released by the Gem and Jewellery Export Promotion Council (GJEPC) on November 13, 2026. In rupee terms, exports rose 44.71% to Rs 27,862.82 crore, from Rs 19,253.60 crore a year earlier.

Gold jewellery was the biggest contributor in the month, with exports up 48.20% to $1.26 billion. Silver jewellery, polished lab-grown diamonds and coloured gemstones also grew strongly, and cut and polished diamond exports returned to growth with a 10.50% rise to $1.13 billion.

Gem and jewellery exports in October 2026 at a glance

Studded gold jewellery led the October rise

Within gold jewellery, studded gold jewellery exports rose 67.30% to $875.02 million in October, while plain gold jewellery exports rose 17.54% to $383.11 million. Silver jewellery exports rose 55.52% to $203.83 million, and polished lab-grown diamond exports rose 81.02% to $170.46 million.

GJEPC said the October numbers also reflect the festive calendar. Diwali fell in October last year, when manufacturing units in major jewellery centres closed for their usual festive break. This year Diwali fell in November, which gave manufacturers and exporters a longer working window in October to finish and ship orders ahead of the year-end holiday season abroad.

How exports moved from April to October 2026

For April to October 2026, gem and jewellery exports reached $17.22 billion, about Rs 1.64 lakh crore, up 7.28% in dollar terms. Gold jewellery exports in the period rose 16.28% to $7.49 billion, with studded gold jewellery up 36.98% to $4.57 billion. Silver jewellery exports rose 28.98% to $933.15 million, and polished lab-grown diamond exports rose 25.95% to $855.56 million. Cut and polished diamond exports fell 4.50% to $6.95 billion.

Among markets, exports to Hong Kong rose 18.80% to $3.95 billion and exports to the US rose 14.87% to $3.61 billion in the seven months. Belgium grew 30.02% to $923.19 million, Singapore grew 22.38% and the UK grew 17.89%. Exports to the UAE, India's largest destination, fell 10.27% to $4.87 billion.

Kirit Bhansali on the 34% jump in October

"The 34% growth in gem and jewellery exports in October is an encouraging indicator of the industry's resilience and its ability to respond to opportunities in international markets."

GJEPC's 10% growth goal for FY 2026-27

GJEPC chairman Kirit Bhansali said that if the current momentum continues without any major disruptions, the industry is optimistic about achieving 10% export growth in FY 2026-27. He also said cut and polished diamond exports have returned to positive growth, and that polished diamond prices have shown signs of firming in recent months.

Where gem and jewellery exports stand after October

With October's $2.92 billion, India's gem and jewellery exports for April to October 2026 reached $17.22 billion, up 7.28% from a year earlier. Gold jewellery led the month at $1.26 billion, and cut and polished diamonds returned to growth at $1.13 billion. GJEPC chairman Kirit Bhansali said the industry is aiming for 10% export growth in FY 2026-27.

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