
India’s Jewellery Industry Goes Global: From Diamond Cutting Hub to Design Powerhouse India’s gems and jewellery industry exported about US$27.72 billion worth of products in FY2025–26. But the more interesting story is not the size of the number. It is what is happening underneath it: Indian companies are increasingly trying to move from being the world’s manufacturing workshop to becoming a design, branding and value-creation powerhouse. India has an unusual relationship with jewellery. For millions of families, it is tradition. For investors, it can be an asset. For artisans, it is a livelihood. For exporters, it is a global business. And for the international jewellery industry, India has long been one of the places where an enormous share of the world’s diamonds gets transformed from rough stones into finished gems. Now the industry wants to change the perception again. Not merely: “Made in India.” But increasingly: “Designed, crafted and created in India.” $27.72 billion—but not a simple boom India’s gross gems and jewellery exports reached approximately US$27.72 billion in FY2025–26, according to GJEPC and IBEF. That is an enormous number. But there is an important qualification. Dollar-denominated exports actually declined 3.32% from the previous year, while rupee-denominated exports increased modestly.
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