The Indian gem and jewellery industry is witnessing signs of revival, with July exports delivering a much-needed boost amid the lingering impact of US tariffs. A robust 15.98% growth in overall exports, a sharp rebound in cut and polished diamond exports to Hong Kong, and strong order bookings from IIJS Premiere 2025 have infused optimism ahead of the festive season.

The recently concluded IIJS Premiere 2025 generated order bookings estimated between ₹70,000 crore and ₹90,000 crore, boosting confidence ahead of the festive season. Domestically and internationally, the industry is bracing for a strong demand cycle. Adding to the momentum, GJEPC is gearing up for SAJEX 2025 in Saudi Arabia this September, which is expected to open fresh trade and investment opportunities in the Gulf.

After a prolonged period of decline, July 2025 saw overall gross exports of gems and jewellery rise to US$ 2,178.24 million, a 15.98% increase compared to US$ 1,878.09 million in the same month last year.

Speaking on the positive momentum, Kirit Bhansali, Chairman, GJEPC said, “It is good to see encouraging signs for our industry — growth in July exports, a successful IIJS Premiere with substantial order bookings, and the Hong Kong market bouncing back strongly. This performance is heartening, especially as it comes amid global challenges such as the ongoing impact of US tariffs.”

For the period April 2025 to July 2025, the overall gross exports of gems and jewellery recorded a marginal decline of 0.11%, amounting to US$ 8,789.67 million, compared to US$ 8,799.66 million in the same period of the previous year.

In July 2025, the overall gross exports of cut and polished diamonds grew by 17.76% to US$ 1,071.73 million, compared to US$ 910.13 million in the same month last year. Notably, the Hong Kong market — a key destination for Indian diamonds — showed a strong recovery, with exports surging 70% to US$ 320 million from US$ 187.48 million.

Kirit Bhansali, Chairman, GJEPC said, “The Hong Kong market’s rebound is a very positive sign for our industry. This sharp rise in demand not only reflects renewed buyer confidence but also lifts the overall sentiment as we head into a crucial period for the sector.”

For April–July 2025, cut and polished diamond exports declined by 14.68% to US$ 3,909.12 million from US$ 4,581.98 million in the same period last year.

In July 2025, Gold jewellery (Plain & Studded) exports grew by 16.39% to US$ 813.77 million from US$ 699.17 million in the same month last year.

For April–July 2025, Gold jewellery (Plain & Studded) exports grew by 23.74% to US$ 3,665.99 million from US$ 2,962.63 million in the same period last year.

In July 2025, Plain Gold Jewellery exports grew by 15.61% to US$ 352.37 million from US$ 304.79 million in the same month last year.

For April–July 2025, Plain Gold Jewellery exports grew by 48.66% to US$ 1,826.86 million from US$ 1,228.86 million in the same period last year.

In July 2025, Studded Gold Jewellery exports grew by 16.99% to US$ 461.40 million from US$ 394.38 million in the same month last year.

For April–July 2025, Studded Gold Jewellery exports grew by 6.08% to US$ 1,839.14 million from US$ 1,733.77 million in the same period last year.

In July 2025, polished lab-grown diamond exports grew by 27.61% to US$ 122.43 million from US$ 95.94 million last year in the same month last year.

For April–July 2025, polished lab-grown diamond exports declined by 8.36% to US$ 381.07 million from US$ 415.85 million in the same period last year.

For April–July 2025, Silver Jewellery exports declined by 2.44% to US$ 281.20 million from US$ 288.23 million in the same period last year.

For April–July 2025, Platinum Jewellery exports grew by 14.11% to US$ 65.18 million from US$ 57.12 million in the same period last year.

For April–July 2025, Coloured Gemstones exports grew by 1.93% to US$ 116.66 million from US$ 114.45 million in the same period last year.

With all major verticals showing growth in July and Hong Kong making a strong comeback, the industry is looking ahead to the festive season with renewed confidence. The upcoming SAJEX 2025 in Saudi Arabia, organised by GJEPC in September, is set to further enhance India’s global jewellery footprint and create new avenues for trade and collaboration.

Courtesy : AOJ Desk News