India’s Gem and Jewellery Export Promotion Council reports shipments rose 19.64% to $2.5 billion in November — a sharp uptick driven by cut-and-polished diamonds and stronger silver volumes that signals a shifting supply profile for global buyers.

  • Value: $2.5 billion (November; +19.64% YoY)
  • Key segment: Cut & Polished Diamonds — $919.74 million
  • Lab-grown polished diamonds: $76.09 million (+10.55% YoY)
  • Gold jewellery: $1.21 billion; Studded gold: $828.89 million; Silver jewellery: $197.97 million
  • Period context: April–November exports broadly flat at $18.86 billion

What changed

The headline move is concentrated: cut-and-polished diamonds accounted for nearly $920 million of November receipts, a figure with a vitreous luster in market headlines. Polished lab-grown diamonds also advanced about 10.6% to $76.09 million, while silver jewellery — after earlier supply disruption — returned with a pronounced rebound to roughly $198 million. Gold jewellery held steady at $1.21 billion, though studded pieces showed notable strength on higher job-work demand.

2025 market context

Through the lens of 2025 trends, the numbers align with three forces shaping the trade: restored bullion supply chains, rising commercial acceptance of lab-grown stones, and a move toward sculptural aesthetics that favors workmanship and job-work-intensive studded pieces. GJEPC chairman Kirit Bhansali said markets are stabilising and demand is picking up in Hong Kong, China and the Middle East even as the U.S. lags — a regional patchwork that will influence inventory allocation and pricing pressure heading into the year-end.

Why this matters to U.S. retailers and investors

For U.S. retail buyers the immediate implication is inventory agility: stronger polished-diamond flows and renewed silver availability reduce sourcing friction and create short-term buying windows where margin and assortment can be optimized. For investors, the twin rise in natural and lab-grown polished diamond shipments signals differentiated supply-side dynamics — natural diamonds retaining premium heft while lab-grown volumes quietly carve out liquidity and pricing benchmarks.

In practice, retailers should monitor shipment cadence and job-work demand indicators from India when scheduling buys; investors should watch spreads between natural and lab-grown polished prices and tracking reports from GJEPC for signs of durable market rebalancing.

Image Referance: https://www.etnownews.com/economy/export-sparkle-gems-and-jewellery-shipments-rise-20-to-2-5-billion-in-november-says-report-details-article-153292586