India’s gems and jewellery sector is on track to ship between $30 billion and $35 billion in exports during fiscal year 2026, according to industry projections cited in recent reporting. The outlook arrives even as October registered a steep downturn, with outbound shipments falling roughly 30% compared with prior months.
Exporters have pointed to uneven monthly performance as a challenge for the full-year forecast. The October slide underscores how sensitive the trade remains to global demand swings and shifting consumer spending abroad.
India ranks among the world’s largest processors and exporters of cut gems and finished jewellery. Government trade data and sector estimates are watched closely because the industry employs millions of workers across manufacturing hubs and supports a wide network of small and medium enterprises.
Analysts said the projected range for FY26 reflects confidence that orders could recover after the autumn dip, though much depends on holiday-season buying in key overseas markets. No additional monthly breakdowns beyond the October decline were included in the published summary.
Sector officials are expected to monitor shipment trends through the remainder of the fiscal year before revising targets.
Trade officials tracking the sector said the contrast between the full-year export projection and October’s 30 percent decline illustrates how quickly overseas orders can soften. Cut and polished diamonds account for a substantial share of India’s export basket, and any sustained monthly weakness could pressure the lower end of the $30 billion to $35 billion range unless shipments rebound in subsequent months.
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Sources:
https://www.business-standard.com/topic/indian-market