India’s exports of gems and jewellery decline 2.49% in May, according to reports citing trade data. The drop is attributed to weaker performance in gold jewellery shipments, which fall sharply during the month amid high gold prices. At the same time, some categories record growth, offsetting part of the decline. Cut and polished diamonds, lab-grown diamonds, and silver jewellery exports expand in May, indicating demand in these segments continues despite the overall downturn in the category’s exports. The available accounts describe the change as month-specific, focusing on May results and the contrasting trends between gold jewellery and other product groups. Overall, the data suggest that while gold-linked items face cost-driven pressure, exports in certain diamond and silver sub-sectors remain comparatively resilient. The reported figures reflect a year-on-year comparison for May.