The overall gross gems & jewellery exports grew by 26.51% to US$ 2212.65 million (Rs. 21010.78 crores) in June 2026 after a long trail of decline. Quarterly performance of the April to June 2026 period also reflects a positive sign, with a rise of 0.04% to US$ 6612.21 million (Rs. 62588.61 crores) as compared to last year.

Here are the important points highlighted from the provided performance report for the Indian gems and jewellery sector in June 2026 and the April-June 2026 quarter:

Overall Sector Performance

• Export Revival: Overall gross gems and jewellery exports broke a prolonged downtrend, growing by 26.51% in June 2026 to US$ 2,212.65 million.
• Quarterly Growth: The April–June 2026 period stabilized with a marginal rise of 0.04% to US$ 6,612.21 million year-on-year (YoY).
• Imports: Gross imports grew by 10.06% in June 2026, though the cumulative April–June period saw a 5.9% decline YoY.

 Diamonds (Natural vs. Lab-Grown)

• Cut & Polished Diamonds (CPD):
  • June 2026 exports grew by 8.71% to US$ 846.73 million.
  • Quarterly volume (Apr–Jun) increased by 8.98% (39.88 lakh carats), though cumulative value dipped slightly by 4.13% (681.76.
  • Quarterly imports surged by 66.13%, showcasing a clear preference for Special Economic Zones (SEZs) over Domestic Tariff Areas (DTAs).
• Rough Diamonds: Imports continued to decline (-27.11% in June; -32.42% for the quarter) as manufacturers focused on clearing existing inventory amid volatile overseas demand.
• Polished Lab-Grown Diamonds (LGD): Continued a massive growth surge, with June exports up 52.25% and quarterly value up 14.92% (volume up 31.97%). LGDs are rapidly emerging as a highly lucrative, price-conscious alternative to natural diamonds.

Gold, Silver & Platinum Jewellery

• Gold Jewellery: June 2026 exports spiked by 54.50% to US$ 1,087.74 million, driven by stabilizing global buyers’ sentiments.
  • Plain Gold: June exports grew 25.34%, but the quarter fell 23.30% due to mixed monthly trends earlier in the year.
  • Studded Gold: Experienced stellar growth, rising 85.35% in June and 20.10% for the overall quarter.
• Silver Jewellery: Retains strong momentum as the preferred affordable alternative to gold, maintaining robust double-digit YoY growth.
• Platinum Jewellery: Quarterly exports jumped 27.66% to US$ 58.67 million, fueled by international demand for premium, cost-effective contemporary jewellery.

Alternative Categories & Investment

• Coloured Gemstones: Quarterly exports dropped 15.0% to US$ 82.25 million, largely hampered by temporary international logistical barriers rather than a drop in core demand.
• Gold Medals & Medallions: Quarterly exports skyrocketed by 86.42% to US$ 1.81 million, underscoring strong overseas investor sentiment using gold as a hedge against global inflation.

Outlook

The strong June performance indicates a reinstatement of international demand and points toward highly positive holiday season sales moving into the October–December quarter.