National News
June Marked A Strong Rebound In India’s Gem and Jewellery Exports, Surging 26.51% Year-On-Year On Robust Demand Across Key Products and Global Markets
India’s gem and jewellery exports recorded a strong recovery in June 2026, with gross exports rising 26.51% year-on-year to US$ 2.21 billion (Rs. 21,010.78 crore) compared to US$ 1.75 billion (Rs. 15,023.07 crore) in June 2025. The robust monthly performance was driven by healthy demand for gold jewellery, cut and polished diamonds, silver jewellery and platinum jewellery, lab-grown diamonds across key international markets.
For the April–June 2026 period, India’s overall gross gem and jewellery exports remained stable at US$ 6.61 billion (Rs. 62,588.61 crore), registering a marginal 0.04% growth in US Dollar terms and a 10.76% increase in Rupee terms over the corresponding period last year, demonstrating the sector’s resilience amid continued global economic uncertainties and elevated precious metal prices.
Commenting on the export performance, Shri Kirit Bhansali, Chairman, Gem & Jewellery Export Promotion Council (GJEPC), said,
“The strong rebound in June exports reflects the resilience of India’s gem and jewellery sector amid an evolving global trade environment. While exports during the April–June quarter remained broadly stable, the sharp recovery in June is an encouraging sign for the months ahead. Continued demand from key markets, market diversification, and the benefits of recently concluded trade agreements such as the India–UK CETA are expected to further strengthen export growth. GJEPC will continue to work closely with the Government and industry stakeholders to enhance India’s global competitiveness and unlock new export opportunities.”
“The strong rebound in jewellery exports in June 2026 was supported by a significant correction in international gold prices. Gold prices declined by 10.28% month-on-month, falling from US$ 4,723.88 per troy ounce in May 2026 to US$ 4,238.32 per troy ounce in June 2026. The decline in bullion prices lowered raw material costs, enabling Indian exporters to offer more competitive prices in global markets. This improved price competitiveness, coupled with stronger demand in key overseas markets, boosted export volumes and strengthened buyer sentiment. Additionally, the successful participation of Indian exporters in major jewellery exhibitions in Kuwait and Sharjah further supported export orders and contributed to the strong recovery in June exports. However, the problems in availability of gold to exporters continue due to a technical regulatory issue of GST applicability at the import level by the Nominated Agencies notified by RBI. Council is working with the Govt to resolve this issue.”
June 2026: Product-wise Export Performance
- Gold Jewellery (Plain & Studded) exports surged 54.50% year-on-year to US$ 1,087.74 million (Rs. 10,330.51 crore).
- Plain Gold Jewellery exports grew 25.34% year-on-year to US$ 453.76 million (Rs. 4,311.43 crore). The growth was driven by strong demand from the UAE, USA, Saudi Arabia, Singapore, and the UK.
- Studded Gold Jewellery exports surged 85.35% to US$ 633.97 million (Rs. 6,019.08 crore), with the UAE, Saudi Arabia and the UK emerging as the key export markets.
- Cut & Polished Diamonds exports increased 8.71% to US$ 846.73 million (Rs. 8,039.30 crore), supported by healthy demand from the UAE, Hong Kong, Belgium, Canada, and the USA.
- Silver Jewellery exports declined 23.98% to US$ 58.77 million (Rs. 557.52 crore) in June 2026.
- Platinum Jewellery exports grew 34.77% to US$ 17.44 million (Rs. 165.55 crore), with the USA, UK, UAE, Germany, and Hong Kong being the principal export markets.
- Polished Lab-Grown Diamonds exports recorded a robust 52.25% growth to US$ 101.35 million (Rs. 961.92 crore), driven by strong demand from Hong Kong, the UAE, Thailand, Canada, and the USA.
- Coloured Gemstones exports declined 23.63% to US$ 26.26 million (Rs. 249.63 crore).
April–June 2026: Product-wise Export Performance
- Gold Jewellery (Plain & Studded) exports stood at US$ 2.78 billion (Rs. 26,357.04 crore) during April–June 2026, registering a 2.35% decline compared with US$ 2.85 billion (Rs. 24,372.70 crore) in the corresponding period last year.
- Plain Gold Jewellery exports declined 23.30% to US$ 1.13 billion (Rs. 10,704.54 crore) during April–June 2026, compared to US$ 1.47 billion (Rs. 12,611.39 crore) in the corresponding period last year.
- Studded Gold Jewellery exports grew 20.10% to US$ 1.65 billion (Rs. 15,652.50 crore) from US$ 1.38 billion (Rs. 11,761.31 crore) in April–June 2025.
- Cut & Polished Diamonds exports declined 4.13% to US$ 2.72 billion (Rs. 25,773.90 crore) compared to US$ 2.84 billion (Rs. 24,271.10 crore) in the corresponding period last year.
- Silver Jewellery exports nearly doubled, rising 97.78% to US$ 431.30 million (Rs. 4,060.27 crore) from US$ 218.07 million (Rs. 1,865.38 crore) in April–June 2025.
- Platinum Jewellery exports increased 27.66% to US$ 58.67 million (Rs. 554.81 crore) from US$ 45.96 million (Rs. 393.23 crore) during the corresponding period last year.
- Polished Lab-Grown Diamonds exports increased 14.92% to US$ 296.24 million (Rs. 2,805.39 crore) from US$ 257.77 million (Rs. 2,204.84 crore) during the same period last year.
- Coloured Gemstones exports declined 15% to US$ 82.25 million (Rs. 778.57 crore) compared to US$ 96.76 million (Rs. 826.93 crore) in April–June 2025.
National News
Senco Gold & Diamonds Partners With Olocker to Give Customers Free Jewellery Insurance, Letting Precious Memories Be Worn, Not Hidden Away
A Customer-First Initiative Designed to Help People Wear Their Precious Memories with Confidence.
Senco Gold & Diamonds, one of India’s most trusted jewellery houses, has partnered with Olocker, India’s first dedicated jewellery insurance platform, to offer free jewellery insurance to its customers, protecting purchases against risks such as snatching, robbery, and housebreaking.
On the surface, it’s a simple value-add: buy jewellery from Senco, get it insured, at no extra cost. But the thinking behind it is more personal — the freedom to actually live with the things you love.
There is a quiet ritual that plays out in homes across India every wedding season, every anniversary. A piece of jewellery is bought with love, worn once or twice with pride — and then, almost apologetically, tucked away in a bank locker for “safekeeping.” The very thing meant to be cherished ends up spending most of its life in the dark.
A Locker Is No Place for a Memory
Ask any family that owns fine jewellery, and you’ll hear the same quiet anxiety: the fear of stepping out wearing something precious, the fear of a break-in while the house is empty. For many, the solution has always been the same — lock it away, take it out only for weddings and festivals, and let it sit untouched the rest of the year.
It’s a practical response to a real risk, but it also means jewellery bought to mark a marriage or a milestone ends up being seen far less than it deserves.
This is the exact problem Senco Gold & Diamonds’ Managing Director, Suvankar Sen,
has spoken about wanting to solve. Known for a customer-first philosophy that goes beyond transactions, Sen has often said jewellery should be something people live with, not something they merely own. “Jewellery is never just metal and stone,” Sen said, explaining the thinking behind the Olocker partnership. “It’s a wedding day, a mother’s blessing, a promise kept. When customers can’t step out wearing it, or can’t leave home without worrying about a break-in, something is broken in that experience. We wanted to fix that.”
That sentiment is the quiet engine behind this initiative. Rather than simply selling jewellery and stepping back, Senco has chosen to walk the extra mile — ensuring that once a customer takes a piece home, they can wear it freely and pass it down through generations, without the constant undercurrent of worry.
What the Partnership Actually Offers
Through this collaboration, Senco customers receive free jewellery insurance via Olocker on qualifying purchases, protecting against snatching, robbery, and housebreaking.
Olocker, India’s first digital platform dedicated to jewellery insurance and asset tracking, brings the technical and insurance backbone — while Senco brings its decades of trust, built since 1938, to make sure customers actually use it.
For a family that has just bought a piece for a wedding, this means peace of mind — wearing that necklace to a dinner without the nagging thought of “what if someone snatches it,” or “what if someone breaks in while we’re away.”
A Partnership Built on Shared Intent
The excitement isn’t one-sided. At Olocker, the partnership is seen as validation of the idea the platform was built on — that jewellery insurance should be a natural, everyday companion to ownership, not a niche afterthought.
“This is genuinely one of the most exciting collaborations we’ve been part of,” said Milind Shethia, Founder & Chief Marketing Officer at Olocker. “Our mission has been to help people wear their jewellery instead of locking it away, and partnering with a name as trusted as Senco brings that mission to millions of customers at once.
What’s heartening is Mr. Sen’s own approach — he didn’t look at it as a marketing tie-up, but as giving something back to people who’ve trusted Senco for generations. That kind of intent is rare, and it’s exactly the spirit we built Olocker around.”
That mutual sense of purpose is what gives this partnership its quiet credibility. It isn’t a scheme or a promotional hook, but two organisations agreeing on a simple, shared belief: jewellery should be lived in, not locked up.
A Bigger Idea About Ownership
There is a broader philosophy at play, one Suvankar Sen has championed throughout his tenure at Senco — that jewellery is an emotional asset as much as a financial one, and customers shouldn’t have to choose between enjoying it and protecting it.
This partnership feels less like a marketing initiative and more like a promise kept, reflecting a leadership style that measures success in something harder to quantify — how cared for a customer feels long after leaving the showroom.
As jewellery increasingly doubles as adornment and investment, initiatives like this one may well set a new benchmark for customer care in the industry.
Senco, through its partnership with Olocker, isn’t just insuring jewellery against snatching or a break-in — it’s giving people back the freedom to wear their memories, out loud, without fear.
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