Gems & Jewellery Exports Slip 14% in June, But Gold & Platinum Shine Amid Global Uncertainty

In June 2025, India’s gems and jewellery exports saw a sharp 14.25% drop year-on-year, falling to $1.63 billion (₹13,978.98 crore), mainly due to high gold prices, weak global demand, and cautious domestic buyers. Cut and polished diamond exports plunged 23.49% to $778.78 million, while lab-grown diamond exports also slipped nearly 25% to $66.67 million as Chinese competition and price pressure intensified. On the bright side, gold jewellery exports rose 5.75% to $630.33 million and platinum jewellery exports grew 13.56% to $45.67 million, driven by resilient demand from markets like the Middle East, US, Japan, and China. Imports also declined by 2.96% to $1.55 billion, indicating traders are playing it safe amid global uncertainties and geopolitical tensions. Despite current headwinds, industry sentiment could improve with the upcoming festive and wedding season likely to boost domestic demand, especially for gold. Stocks likely to be impacted: Negative: 1.

, Renaissance Global, and Asian Star Company may face pressure due to their significant exposure to US jewellery exports, especially in diamonds and lab-grown segments. 2. might see short-term margin pressure if high gold prices discourage value-sensitive buyers. Positive: 1. could benefit from strong festive demand recovery, premium gold jewellery offerings, and increased focus on wedding collections. 2. may gain from rising gold jewellery exports and demand from the Middle East. 3. could also benefit from rising domestic demand and its expanding retail footprint. 4. Gold loan companies like and might see increased activity as gold remains a preferred asset class during uncertain times. Disclaimer: This post is for informational purposes only and not a recommendation to buy or sell any securities. I, or my family, associates, or relatives, may have a financial interest in the securities mentioned.