New Delhi — India’s gems and jewellery exports climbed to $2.51086 billion in November 2025, up 19.64% year‑on‑year, signaling renewed global demand and a firmer price environment even as imports surged to $1.89492 billion.
- Export Value: $2,510.86 million (Nov 2025)
- Carat Weight: N/A (aggregate trade value)
- Origin: India (GJEPC data)
- Date: November 2025 (release Dec 13, 2025)
Market Snapshot
The Gems and Jewellery Export Promotion Council (GJEPC) reported the November uptick alongside a 36.01% rise in gross imports, underlining a trade ledger with substantial heft. From April–November 2025, cumulative exports held near prior‑year levels at $18.867 billion, while imports rose about 6.9% to $13.821 billion — a pattern that reads as both recovery and pre‑season inventory build.
Context — 2025 Trends at Play
Several 2025 currents converge here. Renewed Western holiday demand and India’s wedding season are driving seasonal lift, but structural shifts matter more: manufacturers are broadening assortments toward lightweight, sculptural silhouettes and higher lab‑grown penetration, which carry a cooler ecological profile and steadier margin logic. Improved market access via trade pacts such as the India‑UAE CEPA has sharpened price realisation on specific categories, while active raw‑material importation points to proactive capacity expansion.
Visually and materially, the product mix shows a move from high‑polish opulence to pieces with a satin‑matte finish and vitreous luster, designed for younger buyers seeking modern proportion and substantial heft rather than overt flash.
Impact for US Retailers and Investors
For US buyers the data implies three practical reads: first, higher exports indicate improved international traction and pricing power for select Indian segments — an entry point to source competitive finished goods. Second, the spike in imports into India suggests that manufacturers are front‑loading roughs and components, which could ease supply bottlenecks and stabilise lead times through Q1. Third, product diversification and lab‑grown availability present margin and assortment opportunities for chains and independents aiming to balance price points and sustainability narratives.
Operationally, US retailers should monitor landed costs and Rotterdam/HK benchmark prices while negotiating flexible terms that factor in faster stock turns during the holiday and wedding cadence. For investors, the combination of export momentum and visible capacity expansion signals recovery‑stage capital needs across mid‑tier manufacturers and trade financing vehicles.
Colin Shah, MD of Kama Jewellery, summarized the mood succinctly: despite global headwinds — tariffs and geopolitical friction — the sector has displayed resilience through product diversification and improved trade access.
Bottom line: November’s 19.6% export surge and concurrent import growth reflect a market recalibrating from disruption toward structured expansion. For US stakeholders, the moment rewards disciplined sourcing, sharper assortment curation, and closer attention to lab‑grown supply dynamics.
Image Referance: https://www.lokmattimes.com/business/gems-and-jewellery-trade-surges-19-pc-in-nov-on-strong-global-demand-1/