India's Gem & Jewellery Exports Steady Despite US Slump: Diversification Key

• India's gem and jewellery exports remained stable at $23.19 billion (April 2025–January 2026) despite a sharp contraction in US shipments.
• Exports to the US fell over 45%, but diversification to markets like UAE (+23.7%), Hong Kong (+33.5%), Australia, and France helped offset the decline.
• Cut and polished diamond exports declined 7.46% due to weak demand and competition from lab-grown diamonds, though LGD value fell due to price softness.
• Gold jewellery exports rose 5.53%, driven by studded gold, while silver and platinum jewellery saw significant surges (51.21% and 49.09% respectively).
• New India–US trade framework and domestic policy reforms are expected to boost competitiveness and contribute to a long-term export target of $100 billion by 2047.