# India's gem, jewellery exports surge 34% in October: Key drivers and market trends explained — retained record

> Retained news record from news:india-cnbc-tv18.

Canonical: https://highsignal.app/data/records/b012bceb1f2268f2

[← sources](https://highsignal.app/data)


source: [news](https://highsignal.app/data/news) (news:india-cnbc-tv18)  published 2026-11-13 11:39 ingested 2026-11-14 03:04

[original source ↗](https://www.cnbctv18.com/economy/india-gem-jewellery-exports-surge-34-pc-october-key-drivers-trends-20033619.htm)

## retained text



```
India's gem, jewellery exports surge 34% in October: Key drivers and market trends explained
- Published OnNov 13, 2026 | 17:09 IST
- Last Updated OnNov 13, 2026 | 17:09 IST
India's gem and jewellery exports rose 34.01% year-on-year to $2.92 billion in October, driven by holiday demand and an uninterrupted production month, according to GJEPC.
India's gem and jewellery exports registered a sharp increase in October, rising 34.01% year-on-year to $2.92 billion (₹27,863 crore), according to data released by the Gem and Jewellery Export Promotion Council (GJEPC) on Friday (November 13).
Exports stood at $2.18 billion (₹19,253.60 crore) in October 2025. The increase comes ahead of the Christmas and year-end holiday shopping season, when international retailers typically step up jewellery purchases.
On a cumulative basis, exports during April-October 2026 increased 7.28% to $17.22 billion (Rs 1.64 lakh crore), compared with $16.05 billion (Rs 1.39 lakh crore) in the corresponding period last year.
UAE remains largest market despite decline in exports
Among India's major export destinations, the UAE continued to be the largest market during April-October, with shipments valued at $4.87 billion. However, exports to the country declined 10.27% year-on-year.
Exports to Hong Kong rose 18.80% to $3.95 billion, while shipments to the US increased 14.87% to $3.61 billion.
Other markets also recorded growth. Exports to Belgium increased 30.02% to $923.19 million, while Singapore and the UK registered growth of 22.38% and 17.89%, respectively. Canada recorded a sharper increase of 107.93%.
GJEPC said the October performance was also influenced by the timing of the festive season. Last year, Diwali fell in October, resulting in production and operational disruptions across major jewellery manufacturing centres. This year, with Diwali falling in November, exporters had an uninterrupted month to complete orders ahead of the international holiday season.
Gold jewellery and diamond exports show growth
Gold jewellery emerged as a key contributor to October's export growth. Exports of gold jewellery increased 48.20% during the month, while studded gold jewellery shipments rose 67.30%.
Cut and polished diamond exports also returned to positive territory, registering 10.50% growth in October, indicating an improvement in overseas demand for the segment, GJEPC said.
Silver jewellery exports increased 28.98% during April-October. However, higher silver prices have also raised raw material and working capital costs for exporters, making overseas buyers more cautious about order quantities.
Kirit Bhansali, Chairman, GJPEC, said the industry's export performance over the past three months had been encouraging. He added that the council expects exports to grow by 10% in FY27 if the current momentum continues without major disruptions.
Bhansali also attributed part of the increase in gold jewellery export values to higher international gold prices, alongside continued demand for Indian-made jewellery in key overseas markets.
-With PTI inputs
```



document fetched 2026-11-14 03:04 · canonical https://cnbctv18.com/economy/india-gem-jewellery-exports-surge-34-pc-october-key-drivers-trends-20033619.htm