New Delhi, Nov. 17 -- India's gems and jewellery exports fell sharply in October 2025, declining 30.57 percent to USD 2.17 billion (Rs 19,172.89 crore), according to data released by the Gems and Jewellery Export Promotion Council (GJEPC).

The sector had recorded exports worth USD 3.12 billion (Rs 26,237.10 crore) in October 2024.

GJEPC Chairman Kirit Bhansali said the decline was primarily due to demand being advanced ahead of the implementation of the US tariff.

"Most of the stocking up for the festivals took place before August 27, therefore, in October the demand was down. The decline in gold and silver exports is triggered by volatile bullion prices," he told PTI.

He added that exports are expected to improve in November as deman...