India's polished exports fall 4.93% in value, rise 3.23% in carats

Citation corrected, 21 September 2026. As published on 20 September this article's method said three outlets carried the same numbers and credited The Hindu International and KNN India with the polished-value figures, with Fashion Value Chain read only for the studded-gold line. Fetched again on 21 September, KNN India's text carries no $924.51m and no -4.93% at all, and the PressReader copy of The Hindu International returns no readable article text without a subscription. Fashion Value Chain carries both figures in full and is the source for them. Every figure printed on 20 September was correct as published and none has changed; what was wrong was the description of how well corroborated they were. The table note has been corrected in the same step. Found by this paper's standards desk.

A September print that reverses the split. One month in which value and volume move apart is a month, not a trend, and the next release tests it.

GJEPC publishes India's gem and jewellery export and import figures monthly, in US dollars and in rupees, broken into lines including cut and polished diamonds, rough diamonds, gold jewellery, studded gold jewellery, silver jewellery, coloured gemstones and lab-grown diamonds. Cut and polished diamonds are reported in both value and carat volume, which is what allows the two to be compared. The council reports gross exports, not net of re-imports, and reports a year-on-year change against the same calendar month of the prior year rather than against the previous month. Value is reported at declared export value, so a change in it mixes price and mix.

The four published figures come from GJEPC's August release as carried by Fashion Value Chain, which is the only one of the three outlets cited here whose text actually carries the headline $924.51m and -4.93%. KNN India carries the volume line, 13.36 lakh carats and +3.23%, and the gross and studded-gold lines, but not the polished-value figures. PressReader's copy of The Hindu International answers with a page but no article text without a subscription, so nothing can be read out of it. The lead figure is therefore single-outlet and is no longer described as corroborated. GJEPC's own statistics page is listed as the standing address for the series and is the primary the diamonds desk's own sweep failed to reach this month, which is why this print is eight days old rather than same-day. One figure here is not published anywhere: the implied value a carat. It is Carat Capital's division and is labelled as such in the key figures, in the table and in the table note, where the arithmetic is printed in full so it can be checked. The prior-year rate is reconstructed from the published percentage change rather than from a published 2025 value, and that reconstruction is stated rather than hidden. The comparative is printed on its base: 692.00 over 751.51 is 92.08% OF last August's rate and therefore 7.92% BELOW it. ARCHIVE: India's monthly gem and jewellery exports - greps of the built archive for this month's headline figures returned zero on all four. The nearest archived items are 2026-08-20, India's $100 billion by 2040 target at a 2.44% growth rate, which is a multi-year target and not a month, and 2026-08-22, India's July gold imports, a different commodity in a different month. DIFFERENT PERIOD AND DIFFERENT SERIES. NEW.

1. Gems and jewellery exports rose 3.14% to $2.30bn in August: GJEPC, The Hindu International, 13 September 2026 13 September 2026
2. India's gem and jewellery exports rise 3.14% to USD 2.30 billion in August, KNN India, September 2026 12 September 2026
3. Studded gold jewellery drives India's August exports, Fashion Value Chain, September 2026 13 September 2026
4. GJEPC gem and jewellery export and import statistics 12 September 2026