Gems and jewellery exports dip 4.62% in April 2025, imports fall by 17.61%

Thu May 14 2025

Imports also dropped 17.61% to $1,569.13 million (₹13,419.63 crore), the data said.

Segment-wise performance:

Exports of cut and polished diamonds declined 6.12% to $1,108.74 million (₹9,486.88 crore). Weak demand from key markets like the US and China contributed to the decline. A shift towards gold and growing interest in lab-grown diamonds also impacted demand.

Imports of cut and polished diamonds fell sharply by 45.95% to $47.64 million (₹407.51 crore), down from $88.13 million (₹735.1 crore) in April 2024.

Rough diamond imports, however, saw marginal growth of 0.56%, reaching $1,200.06 million (₹10,265.19 crore). The increase reflects ongoing demand for raw stones to support India’s cutting and polishing industry.

On the other hand, exports of polished lab-grown diamonds edged up by 0.41% to $110.74 million (₹946.85 crore). These diamonds continue to attract younger consumers looking for sustainable and affordable options.

Gold jewellery exports declined by 5.41%, totalling $684.51 million (₹5,856.15 crore) in April 2025. While gold remains a global favourite, rising prices have impacted consumer buying trends.

Coloured gemstone exports rose 11.95% to $27.76 million (₹237.18 crore), compared to $24.8 million (₹206.91 crore) in April 2024. This niche segment remained resilient amid broader industry headwinds.

Commenting on the trends, Colin Shah, MD of Kama Jewelry, said, “The export decline in April 2025 is a result of Trump-era tariffs and ongoing geopolitical tensions, including the US-China trade war and the Russia-Ukraine conflict. These factors continue to disrupt global trade flows.”

He added, “There is hope for recovery, as recent talks between the US and China could ease tariffs and bring stability to the market in the coming months.”

Source: https://www.cnbctv18.com/