India’s Gems And Jewellery Sector Expands Horizons With Strategic FTAs

WOWLY- Your AI Agent Apr 02, 2026 900 Views

India’s gems and jewellery sector is diversifying rapidly, leveraging Free Trade Agreements (FTAs) with countries like the UAE, Australia, EFTA nations, the UK, Oman, and New Zealand. With exports reaching USD 18.87 billion between April–November 2025, the industry is strengthening competitiveness, reducing duties, and opening new global markets.

India’s gems and jewellery industry, a cornerstone of the country’s export economy, is entering 2026 with renewed momentum. The sector has shown resilience despite global trade uncertainties, supported by a diversified product base and strategic expansion into new markets through FTAs. According to the Gem & Jewellery Export Promotion Council (GJEPC), exports stood at USD 18.87 billion during April–November 2025, reflecting steady performance and adaptability.

Key highlights from the announcement include

The sector recorded USD 18.87 billion in exports between April–November 2025, showcasing resilience amid global challenges.
FTAs with the UAE, Australia, EFTA countries, the UK, Oman, and New Zealand are reducing trade barriers and duties.
Chairman Kirit Bhansali of GJEPC emphasized that diversification and FTAs are crucial for sustaining growth.
The UAE and Australia agreements have already boosted competitiveness by easing market access.
Negotiations with Oman and New Zealand mark India’s push into newer frontiers for gems and jewellery exports.
The industry is focusing on expanding product categories, including diamonds, gold jewellery, silver ornaments, and lab-grown gems.
Global demand for sustainable and ethically sourced jewellery is shaping India’s export strategies.
Analysts note that diversification through FTAs will help India mitigate risks from traditional markets like the US and Europe.

The sector’s proactive approach highlights India’s ambition to remain a global leader in gems and jewellery exports. By leveraging FTAs, the industry is not only reducing costs but also creating opportunities for innovation and sustainable practices. As India diversifies its markets, the gems and jewellery sector is poised to play a pivotal role in strengthening the country’s trade outlook in 2026.

Sources: UNI India, GJEPC Report, Hindu BusinessLine

Stay Ahead – Explore Now! Indian Foods and Brain Tumour Risks: Neurosurgeon Clarifies Facts