New Delhi, June 19 -- India's gems and jewellery sector recorded a significant decline in export performance during May 2025, with shipments falling 15.81 per cent compared to the same period last year.

According to data released by the Gems and Jewellery Export Promotion Council (GJEPC), total exports reached USD 2,263.42 million, marking a substantial decrease from the USD 2,688.38 million recorded in May 2024.

The sector's import activity also contracted during the month, declining 12.96 per cent year-on-year to USD 1,689.61 million, compared to USD 1,941.29 million in the corresponding period of 2024.

Industry analysts attribute the downturn to prevailing global uncertainties, including uncertainties surrounding US tariff policies ...