{
  "id": 6941159,
  "title": "Gem, jewellery exports rise 3.14% to $2.30 bn in August despite weak demand",
  "url": "https://urgent.news/2026/09/12/gem-jewellery-exports-rise-3-14-to-2-30-bn-in-august-despite-weak",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-12T14:21:52.000Z",
  "source": {
    "name": "The Economic Times - Economy",
    "slug": "the-economic-times-economy",
    "url": "https://economictimes.indiatimes.com/news/economy/foreign-trade/gem-jewellery-exports-rise-3-14-to-2-30-bn-in-august-despite-weak-demand/articleshow/134137597.cms"
  },
  "original_language": "en",
  "account": "India's gem and jewellery exports experienced a modest growth of 3.14% in August, reaching $2.30 billion, despite challenges such as high gold prices and weak demand for plain gold jewellery. In rupee terms, exports grew by 12.52% year-on-year to ₹21,945.87 crore, compared to $2.23 billion (₹19,503.52 crore) a year earlier.\n\nThe export mix experienced a noticeable shift towards higher-value finished products. Studded gold jewellery exports surged by 51.22% in dollar terms, reaching $642.85 million, while cut and polished diamond exports declined by 4.93% to $924.51 million. The increase was more evident in volumes, with cut and polished diamond exports growing by 3.23% to 13.36 lakh carats in August from 12.94 lakh carats a year earlier, indicating that weaker realizations were the primary pressure point for diamond exporters.\n\nKey GJEPC Chairman Kirit Bhansali noted that the August export performance demonstrated the resilience and adaptability of India's gem and jewellery industry. The significant rise in studded gold jewellery exports and the sharp growth in studded gold jewellery exports highlight India's growing capacity to create greater value by transforming precious materials into finished jewellery.\n\nThis development signifies a shift in India's export profile from processing and trading precious materials to finished products. However, the decline in plain gold jewellery exports, which fell by 23.90% in dollar terms and 17% in rupee terms, can be attributed to the sharp rise in gold prices, increasing input costs for exporters, and limited availability of duty-free gold. Other value-added categories, such as platinum jewellery, polished lab-grown diamond, and coloured gemstone exports, also recorded strong growth, indicating the industry's diversification.",
  "summary": "India's gem and jewellery exports grew in August, with studded gold jewellery exports surging significantly. Cut and polished diamond exports saw volume increases, though realisations remained a pressure point. Plain gold jewellery exports declined sharply due to higher gold prices and input costs. Other value-added categories like platinum and lab-grown diamonds also recorded strong growth. This…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}