India’s diamond exports rose to $924.51 million in August, a 5.5% increase over July figures, according to the data released by the Gem and Jewellery Export Promotion Council (GJEPC).
However, this figure is 4.93% lower than in the same period of last year, when diamond exports stood at $972.47 million.
August marked the second consecutive month of growth: export volumes increased from $846.73 million in June to $876.40 million in July and to $924.51 million in August. The August figure exceeded the June level by 9.2%.
According to GJEPC Chairman Kirit Bhansali, "August's export performance reflects the resilience and adaptability of India's gem and jewellery industry."
"The increase in diamond export volumes, along with the sharp growth in studded gold jewellery exports, highlights India's growing ability to create greater value by transforming precious materials into finished jewellery," he noted.
India’s diamond exports in August totalled 1.336 million carats, up 3.23% compared to the same period of 2025 (1.294 million carats). At the same time, exports by value declined by $47.96 million. Thus, India shipped more diamonds abroad but generated less foreign exchange revenue from their export.
This discrepancy points to the persistent price pressure, as India’s cutting and polishing sector continues to operate amidst a prolonged downturn in the global diamond market.
Overall, India’s exports of gems and jewellery rose by 3.14% year-on-year in August, reaching $2.30 billion.
Exports of lab-grown diamonds also increased, rising 28.45% year-on-year to $125.17 million.
Hélène Tarin, Editor-in-Chief of the Asian Bureau, Rough&Polished
