Surat: India’s gem and jewellery exports in November 2025 have shown significant improvement compared to the same period last year, with notable gains in cut and polished diamonds (CPD), gold, silver, and platinum jewellery.Market insiders explained that in November 2024, exports were lower due to Diwali holidays, when manufacturing units were closed. Exporters also attribute the November 2025 growth to strong Christmas demand in the US and China. However, for the April–November period, overall growth remains muted.Gross gem and jewellery exports in November rose 19% to $2.52 billion from $2.09 billion in November 2024. In contrast, exports from April to November showed little change, at $18.86 billion in 2025 compared to $18.85 billion in 2024.“We have seen strong buying of natural diamond jewellery in the US this Christmas, along with steady demand from China. Lab-grown diamond (LGD) jewellery is also seeing good traction,” said a diamond and jewellery manufacturer.November CPD exports reached $919.74 million, up 38% from $666.34 million in November 2024. For April–November, CPD exports fell 8.76% to $8.19 billion from $8.98 billion last year.Gold Jewellery exports totaled $1.21 billion, slightly down from $1.23 billion in 2024. For April–November, gold jewellery exports grew 10.14% to $7.93 billion from $7.20 billion.Studded gold jewellery emerged as the major contributor, rising 49.24% in November to $828 million from $555 million in 2024. April–November exports grew 6.68% to $4.40 billion from $4.12 billion. Conversely, plain gold jewellery exports dropped 42.17% in November, from $675 million to $390 million, but grew 14.78% for April–November to $3.53 billion, supported by a roughly 44% rise in gold prices in US dollars.Silver jewellery surged 209% to $198 million from $64 million, reflecting a 34% rise in silver prices in US dollars. For April–November, silver jewellery exports grew 29.69% to $930 million from $717 million.The exports of lab-grown diamonds rose 10% to $76 million from $68 million, though April–November exports declined 11% to $757 million from $851 million.Platinum Jewellery: Benefiting from a 35% rise in platinum prices in US dollars, November exports nearly doubled to $30 million from $15 million in 2024. For April–November, platinum jewellery exports grew 37% to $158 million from $115 million.Overall, while November 2025 shows strong month-on-month growth, the April–November cumulative data suggest that recovery in exports is still gradual, influenced by seasonal demand and global market trends.
