Gems and jewellery exports fall 14% in June; gold and platinum see gains
Published on 15/07/2025 03:38 PM
Gems and jewellery exports fall 14% in June; gold and platinum see gainsImports dropped 2.96% to $1,549.17 million (₹13,308.49 crore). High gold prices, weak global demand, and a dull domestic market affected buying.By Anshul July 15, 2025, 3:38:02 PM IST (Updated)2 Min ReadIndia’s gems and jewellery exports fell 14.25% year-on-year in June 2025. Total exports stood at $1,626.96 million (₹13,978.98 crore), down from $1,897.25 million (₹15,836.94 crore) last year, data from the Gems and Jewellery Export Promotion Council (GJEPC) showed.
Imports dropped 2.96% to $1,549.17 million (₹13,308.49 crore). High gold prices, weak global demand, and a dull domestic market affected buying.
Exports of cut and polished diamonds fell sharply by 23.49% to $778.78 million (₹6,692.94 crore). Imports of these diamonds dropped 7.03% to $71.82 million (₹616.72 crore).
Rough diamond imports slipped 5.13% to $3,222.93 million (₹27,567.68 crore). Traders are clearing old stock amid muted demand in the US and China.
Lab-grown polished diamond exports fell 24.95% to $66.67 million (₹572.86 crore). China’s increased lab-grown production and tight price competition hurt India’s shipments.
Gold jewellery exports bucked the trend. They rose 5.75% to $630.33 million (₹5,415.71 crore). Higher demand from the Middle East, the US, and Southeast Asia supported growth. Many buyers turned to gold as a safe haven during global economic uncertainty.
Platinum jewellery exports grew 13.56% to $45.67 million (₹390.75 crore). Rising interest among younger buyers and men, especially in the US, Japan, and China, boosted shipments.
Coloured gemstone exports rose 6.06% to $96.7 million (₹826.44 crore). Bridal and designer jewellery trends and celebrity endorsements pushed demand.
Colin Shah, MD at Kama Jewelry, said the sector faces challenges from new US tariffs and geopolitical tensions in the Middle East and Europe. He expects traders to stay cautious until there is clarity on tariffs and India-US trade talks.
He added that domestic demand for gold could pick up with the start of the festive and wedding season.Continue ReadingFirst Published: Jul 15, 2025 3:34 PM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsdiamondGems and JewellerygoldPlatinum