National News
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
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.
National News
Where Every Story Of Love Begins: Dhirsons Jewellers Marks Mother’s Day With ‘First Love. First Gold.’
Dhirsons Jewellers Celebrates The Timeless Bond Between Mothers and Children With A Heartfelt Mother’s Day Campaign and A Specially Curated Gold and Diamond Jewellery Edit.
Dhirsons Jewellers, part of the Dhiraj Dhir Group, Lajpat Nagar, introduces its Mother’s Day campaign, First Love. First Gold., a tribute to the woman who gives us our first experience of love and continues to shape who we become.
The campaign is built around a simple idea: before we understood relationships or defined our own milestones, we experienced love in its most unconditional form through our mother. It is this early bond that stays with us, influencing how we think, how we respond, and how we live.
At Dhirsons, gold has long symbolised what endures, while diamonds represent brilliance and light. With First Love. First Gold., the brand brings these two together to reflect a mother’s role — constant, grounding, and quietly transformative.
“Before you chose love, you were given it. Before the brilliance became yours, it was hers.”
The campaign builds on this idea through a curated Mother’s Day edit featuring a curated selection of gold and diamond jewellery, ranging from timeless classics to contemporary designs. The collection is positioned as a thoughtful way to mark the occasion, with pieces that balance everyday wearability and occasion-led elegance. It is available across all Dhirsons showrooms and on the brand’s official website.
Speaking on the campaign, Riva Dhir, Creative Director, Dhirsons Jewellers, Dhiraj Dhir Group, Lajpat Nagar said:
“With First Love. First Gold, we aim to honour every mother who has been a symbol of love, shine and light in our lives. It acts as a reminder to all of us how incomplete our lives would be without her.”
The campaign is reflected across Dhirsons’ in-store experience, evoking warmth, elegance, and the quiet power of a mother’s presence. At its core, it reflects a bond understood more with time than in the moment, shaped quietly and expressed through everyday gestures that often go unspoken.
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Where Every Story Of Love Begins: Dhirsons Jewellers Marks Mother’s Day With ‘First Love. First Gold.’
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