Story perspectives

India's Gem Exports Surge 19.64% Amid Market Diversification

12/24/2025

Summary

Story summary

India's gem and jewellery exports rose 19.64% year-on-year to $2.51 billion in November, signaling a rebound after October's dip caused by the Diwali festival.
Analysts attribute the growth to a diversification strategy away from the U.S., despite tariffs of up to 50% imposed by Washington.
Industry executives say the November increase reflects some deferred shipments and indicates stronger demand from Asia and the Middle East, suggesting ongoing stabilisation.

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Story summary

India's gem and jewellery exports rose 19.64% year-on-year to $2.51 billion in November, signaling a rebound after October's dip caused by the Diwali festival.
Analysts attribute the growth to a diversification strategy away from the U.S., despite tariffs of up to 50% imposed by Washington.
Industry executives say the November increase reflects some deferred shipments and indicates stronger demand from Asia and the Middle East, suggesting ongoing stabilisation.