Surat: India’s gem and jewellery exports rebounded sharply in November 2025 compared to the same month last year, with significant gains in cut and polished diamonds (CPD), gold, silver, and platinum jewellery. Industry sources noted that exports in November 2024 were lower due to Diwali holidays, when many manufacturing units were closed. The growth in November 2025 has been supported by strong Christmas demand from the US and China. However, cumulative growth for the April–November period remains modest.

Overall gem and jewellery exports in November rose 19% to $2.52 billion from $2.09 billion in November 2024. In contrast, April–November exports remained largely unchanged at $18.86 billion in 2025, compared to $18.85 billion in 2024.

Category-wise Performance:

• Cut and Polished Diamonds (CPD): November exports surged 38% to $919.74 million from $666.34 million, though cumulative April–November exports fell 8.76% to $8.19 billion from $8.98 billion.
• Gold Jewellery: November exports slightly declined to $1.21 billion from $1.23 billion. For April–November, gold jewellery exports grew 10.14% to $7.93 billion from $7.20 billion. Studded gold jewellery was the main contributor, rising 49.24% in November to $828 million from $555 million, with April–November growth of 6.68% to $4.40 billion. Conversely, plain gold jewellery exports dropped 42.17% in November to $390 million but increased 14.78% for April–November to $3.53 billion, boosted by a roughly 44% rise in gold prices in US dollars.
• Silver Jewellery: November exports surged 209% to $198 million from $64 million, reflecting a 34% increase in silver prices. For April–November, exports rose 29.69% to $930 million from $717 million.
• Lab-Grown Diamonds (LGD): Exports increased 10% in November 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, November exports nearly doubled to $30 million from $15 million, while April–November exports rose 37% to $158 million from $115 million.

While November 2025 reflects strong month-on-month growth, the cumulative April–November data indicate that overall recovery in exports is still gradual, shaped by seasonal demand patterns and global market trends. DeshGujarat