Studded jewellery propelled India's August export growth, while conventional precious‑stone exports fell and lab‑grown diamond shipments recorded strong gains.
India's export data for August shows that shipments of studded jewellery were the primary driver of overall export growth, marking a positive shift in the sector's performance.
In the same period, exports of conventional precious‑stone (CPD) products declined, whereas lab‑grown diamond shipments posted strong growth, highlighting divergent trends within the jewellery export market.
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The contrasting performance signals a rebalancing of India's jewellery export portfolio, with consumer preference moving toward lab‑grown diamonds and high‑value studded pieces. Exporters and policymakers must note the dip in traditional CPD sales while capitalising on the momentum in lab‑grown diamonds to sustain trade growth.
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