Mumbai, May 17: India’s gems and jewellery exports declined by 9.07 per cent at USD 2,226.45 million (Rs 20,825.01 crore) in April following the West Asia conflict, the Gem & Jewellery Export Promotion Council said.
The total exports were USD 2,448.53 million (Rs 20,952.26 crore) in the same month in 2025, as per the data by the industry apex body GJEPC.
“Decline in exports is mainly due to the ongoing conflict in West Asia, which has caused worldwide disruptions affecting exports. Besides geopolitical tensions, exports to the US, a major export market for the gems and jewellery industry, were also affected because there is still no clarity on the tariffs,” GJEPC Chairman Kirit Bhansali said. (PTI)
