Jewellery Export From India 2026 Market Overview & Trends

Unlocking Opportunities in Jewellery Export From India Market: Trends, Strategies, and Growth Insights

$1.6 b

Market Size

524.5 m Item,Kg

Export Volume

United Kingdom

Key Trading Partner

~10.46%

Market Growth Rate

Jewellery in India Trade

AI Insight

India's export market demonstrates a strong growth trajectory, expanding from $1.04B in 2020 to $1.55B in 2024, supported by a 10.46% growth rate. A notable peak in 2022 ($1.68B) suggests high unit pricing despite lower volumes. The United States remains the primary market ($458.8M), while the United Kingdom leads emerging growth at 9.33%. Product demand is heavily concentrated in handbags and leather accessories. Overall, the data reflects a mature market with robust demand across Western economies and increasing export volumes.

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5-Year Export Volume

AI Insight

India's export value peaked in 2022 at $1.68B. Despite a subsequent dip, 2024 shows a recovery to $1.55B with a record total quantity of 524.5 million units. This indicates a steady upward trajectory in volume compared to 2020, where exports were valued at $1.04B with 337 million units.

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Top 5 Destination Countries

United States

47.43%

United Kingdom

15.54%

Germany

15.38%

France

11.55%

Netherlands

10.1%

AI Insight

The United States stands as the dominant destination for exports in 2024, with an import value of $458.8 million. It is followed by the United Kingdom ($150.3M) and Germany ($148.7M), highlighting a strong demand concentration within North American and European markets.

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Export Growth Analysis

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10.5%Annual Growth

AI Insight

The sector achieved a robust growth rate of 10.46%. This double-digit expansion signifies strong market momentum and suggests that Indian exporters are successfully capturing increased global demand, maintaining a positive trajectory for the industry.

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Emerging Market Opportunities

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The United Kingdom is the fastest-growing emerging market with a 9.33% growth rate, followed closely by the USA (7.15%) and Spain (7.07%). While most top markets show positive trends, Italy saw a marginal decline of 0.4%, indicating a slight cooling in demand in that specific region.

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Sector-Related Export Opportunities

AI Insight

Handbags (HS 420222) are the leading product category, valued at $519.2 million in 2024. Leather handbags ($406.9M) and leather card holders ($325.5M) also show significant market share, confirming that personal leather accessories are the primary drivers of export revenue.

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India Jewellery Export Requirements

Before Shipment

Register with GJEPC, obtain an Import Export Code (IEC) from DGFT, ensure mandatory hallmarking for gold jewelry, secure valuation certificates from authorized valuers, and complete KYC compliance with customs-authorized agents.

Documentation Required

Commercial Invoice, Packing List, Shipping Bill (filed via ICEGATE), GJEPC Membership-cum-Registration Certificate (RCMC), and Airway Bill or Bill of Lading are essential for clearing jewelry exports.

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Jewellery Exports and Free Trade Agreements from India

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India-UAE Comprehensive Economic Partnership Agreement (CEPA)
India-Australia Economic Cooperation and Trade Agreement (ECTA)
India-ASEAN Free Trade Area (AIFTA)
India-South Korea Comprehensive Economic Partnership Agreement (CEPA)
India-Japan Comprehensive Economic Partnership Agreement (CEPA)

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Import Requirements

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