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India’s Gem & Jewellery Exports Drop 11.72% in FY25 Amid Global Pressures

Studded gold and platinum jewellery buck trend with positive growth; CPD and silver exports see sharp declines

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India’s gem and jewellery (G&J) exports declined by 11.72% in the financial year 2024-25, totaling USD 28.5 billion, compared to USD 32.28 billion in FY24. The industry grappled with multiple global challenges including sluggish demand in key markets like the US and China, ongoing geopolitical tensions, and rising competition from lab-grown diamonds.

Despite the overall decline, exports of studded gold jewellery rose by 14% year-on-year to USD 6.1 billion, and platinum jewellery exports also saw an uptick of 11.79% to USD 182.75 million. In contrast, exports of cut and polished diamonds (CPD), the sector’s largest component, plummeted 16.75% to USD 13.2 billion, while silver jewellery exports dropped a staggering 40.58% to USD 962 million.

The imposition of a 26% US tariff on certain goods triggered a last-minute surge in exports, with over USD 1 billion worth of shipments sent in the 10 days prior to the tariff’s implementation — a sign of underlying global demand potential.

On the import front, gross G&J imports fell 11.96% to USD 19.6 billion, down from USD 22.2 billion in the previous fiscal year. Imports of rough diamonds, a key raw material, dropped 24.27% in value to USD 10.8 billion, while the volume declined 16.2% to 1,044.34 lakh carats.

Exports of lab-grown polished diamonds were also impacted, declining by 9.64% to USD 1.2 billion.

Gold jewellery exports were relatively stable, recording only a marginal decline of 0.11% to USD 11.21 billion. Of this, plain gold jewellery contributed USD 5.1 billion.

Signs of recovery were visible from January 2025 onwards, with month-on-month growth, although still trailing behind year-on-year figures. Exports in March 2025 were USD 2.5 billion, showing a modest 1.02% growth over February, but slightly below the USD 2.55 billion recorded in March 2024.

Industry players remain cautiously optimistic, citing stabilizing diamond prices and improving market sentiment as early indicators of a turnaround, despite ongoing global uncertainty.

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Senco Gold & Diamonds Brings An Exclusive Jewellery Exhibition To Bikaner, Celebrating Rajasthani Craftsmanship And Senco’s Kolkata Karigari Heritage

The exclusive exhibition brings together traditional Rajasthani jewellery, regional craftsmanship and Senco’s Kolkata karigari heritage, alongside an extensive selection of gold and natural diamond jewellery, lightweight traditional designs, live experiences, customer engagement activities and exclusive rewards from 14th to 31st August 2026.

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Senco Gold & Diamonds is hosting an exclusive jewellery exhibition at its Bikaner store from 14th to 31st August 2026, as customers begin preparing for the upcoming festive and wedding season. At the heart of the exhibition is a celebration of jewellery craftsmanship, bringing together traditional Rajasthani jewellery, regional jewellery craftsmanship and the rich karigari heritage of Kolkata that has been an integral part of Senco’s identity.

The showcase brings the breadth and versatility of Senco’s jewellery offering under one roof, highlighting the distinctive jewellery traditions of Rajasthan, with regional pieces such as Baju Bandh, Rakdi Set, Shishful, Nath, Bangdi, Panchlda, Tinlda and Kantha. These traditional creations reflect the ornate detailing, cultural influences and craftsmanship associated with the region, allowing customers to explore Rajasthan’s jewellery heritage alongside Senco’s broader collection of contemporary and traditional designs. 

The exhibition also offers an opportunity to explore the wider portfolio, with brands and collections created for different expressions of jewellery and lifestyle. From lightweight gold jewellery and Aham’s contemporary men’s jewellery to couture-led designs, Vivaha’s bridal offerings and Gossip’s silver and fashion jewellery, the portfolio reflects Senco’s focus on giving customers greater choice across occasions, aesthetics and ways of wearing jewellery.

Designed as more than a jewellery showcase, the exhibition brings together live artistry, entertainment, refreshments and interactive customer experiences, creating a festive environment for customers and families.

The celebrations continue on 15th August with Independence Day and Teej celebrations, alongside live Mehendi Art, Nail Art and jewellery photoshoots. On 16th August, customers can enjoy further exhibition activities, including live beauty experiences and jewellery photoshoots.

The exhibition enters its customer engagement phase from 28th to 31st August, with a line-up of interactive activities including live Lac Bangle Making. The exhibition culminates on 31st August with Grand Customer Engagement and Closing Activities.

Adding to the excitement is an Exclusive Lucky Draw, giving customers an opportunity to win surprise gifts and exclusive coupons. Customers making purchases eligible during the exhibition period from 14th to 31st August 2026 can participate in the draw.

Speaking on the occasion, Suvankar Sen, MD & CEO, Senco Gold & Diamonds, said:

“India’s jewellery traditions are incredibly diverse, and that diversity is something we have always celebrated at Senco. Rajasthan has its own rich jewellery language and craftsmanship, while our roots in Kolkata have given us a deep connection with karigari and the art of jewellery making.

Bringing these together in Bikaner allows customers to experience that diversity alongside the breadth of what Senco offers today, from gold and diamonds to 9KT, 14KT and 18KT gold, from necklaces and earrings to kadas, bangles, rings and mangtikkas, and from statement jewellery to lightweight traditional pieces designed for ease of wear. Most importantly, we want customers to experience the trust and craftsmanship that Senco has built over generations, while discovering jewellery that feels relevant to their own celebrations and style.”

The Bikaner exhibition reflects Senco Gold & Diamonds’ approach to creating retail experiences that go beyond the jewellery itself, bringing together craftsmanship, regional heritage, design versatility and customer engagement. As customers prepare for the festive and wedding season, the exhibition offers an opportunity to discover the richness of Indian jewellery traditions alongside Senco’s contemporary design sensibility, with a wide selection of jewellery and a vibrant programme of experiences, entertainment and rewards.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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