India’s $85 billion gem and jewellery sector has been grappling with multiple challenges in recent months. The West Asia crisis, rising raw material prices, and policy-related bottlenecks have negatively impacted exports, leading to a decline in overseas shipments.
The sector’s challenges are also evident in its performance. During April-May 2026, India’s gems and jewellery exports declined to $4.27 billion from $4.55 billion a year ago, according to Gem & Jewellery Export Promotion Council (GJEPC).
