New Delhi, June 15 -- India's gem and jewellery exports declined 6 per cent year-on-year to USD 4.27 billion during April-May 2026, weighed down by a sharp fall in plain gold jewellery shipments amid gold supply constraints and rising input costs, even as silver jewellery exports emerged as a bright spot with a surge of over 172 per cent, according to the Gem and Jewellery Export Promotion Council (GJEPC).

India's gems and jewellery industry has been facing challenges due to several factors including increased gold prices, limited availability of gold for export production and regulatory bottlenecks impacting gold supply through banking channels.

According to the release, India's overall exports registered a growth of 3.99 per cent in r...