India's gems and jewelery exports to US fall 44.42%, GJEPC expresses concern

India's gems and jewelery exports to the US fell 44.42% year-on-year between April and December 2025 to a total of $3.86 billion, compared to $6.95 billion in the corresponding period of the previous year. This has caused the Gems and Jewelery Export Promotion Council to express concern.

“The United States remains India's largest export destination, accounting for nearly 30% of our gem and jewelry exports,” GJEPC Chairman Kirit Bhansali said in a press release. “The sharp drop in shipments is a cause for serious concern. Prolonged uncertainty around tariffs could negatively impact the long-term viability of the US market for Indian jewelry exporters. That said, we have full faith in the Government of India and remain hopeful that the current bilateral trade discussions will lead to a positive and timely resolution.”

In December 2025, Indian exports of gems and jewelry to the United States declined by 50.44% year-on-year, as falling demand and tariff-related pressures continued to impact the industry. However, despite the decline in US trade, India's total gem and jewelry exports remained stable during the period April to December 2025, according to the GJEPC. This has resulted in India's provisional total gems and jewelery exports during the nine-month period adding to $20.75 billion, representing a decline of 0.41% year-on-year and a growth of 3.69% in rupee terms.

“The free trade agreements with the United Arab Emirates and Australia come at a crucial time for the industry,” Bhansali said. “The recent FTAs ​​with the United Kingdom, Oman, New Zealand and other countries will further improve competitiveness by reducing tariffs and easing trade barriers. With the Government of India currently negotiating multiple trade agreements, we are confident that they will open new markets and strengthen India's position globally on quality, value and trust.”