Overview
- Overall exports in December 2025 declined 4.98% year on year to $1.88385 billion, according to GJEPC.
- Provisional exports for April–December 2025 were nearly flat at $20.75 billion, a 0.41% decline from a year earlier.
- Shipments to the United States fell 44% in April–December to $3.86 billion, including a 50.44% drop in December, which GJEPC linked to tariff pressures and softer discretionary spending.
- Exports to alternative destinations strengthened, with the UAE up 28.08% to $6.89 billion, Hong Kong up 28.19% to $4.25 billion, and Australia up 39.83% to $277.76 million, supported by FTAs.
- Product trends were mixed: cut and polished diamonds rose 2.7% to $794.93 million, lab‑grown polished diamonds slipped 2.56% to $82.87 million, gold jewellery fell 16.31% to $732.28 million, and silver jewellery surged 248.74% to $179.46 million, as the industry pressed for a timely resolution to US tariff uncertainty and flagged supply strains in Surat.