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Jewellery

Export silver jewellery and articles

Sterling silver and gem-set silver jewellery from Jaipur; Hong Kong, the USA and the UK buy most.

Free to exportHS 7113.11
HS code
7113.11
Jewellery and parts of silver (HS 7113 11). Silverware and other articles of silver are HS 7114 11.
Export policy
Free to export
Free to export under ITC(HS) Schedule 2. Confirm the exact 8-digit line on the DGFT ITC(HS) search before shipping.
Registrations
3
IEC, GST and those below
India’s exports, 2025-26
US$ 1.66 bn
to 88 countries

What is exported

Jaipur, Mumbai, Agra and Rajkot make 925 sterling silver jewellery, often set with semi-precious stones, plus filigree from Cuttack and Karimnagar. In 2025-26 India exported about US$ 1.6 billion under HS 7113 11 and a much smaller US$ 17 million of silver articles (HS 7114 11); Hong Kong was the largest buyer, followed by the USA, the UK, Thailand and the UAE (Commerce Department data).

Varieties, grades and forms

  • Plain sterling silver jewellery (925)Rings, chains, earrings and bangles for fashion retail — the main line.
  • Gem-set silver jewellerySilver set with semi-precious stones, a Jaipur speciality.
  • Filigree workFine wire work from Cuttack and Karimnagar.
  • Silverware and articles (HS 7114)Bowls, frames, idols and gift articles.
  • Oxidised and tribal silver jewelleryAntique-finish pieces for boutique and online buyers.

Where it is grown or made

  • RajasthanJaipur (Sitapura SEZ and Johari Bazaar) and Udaipur
  • MaharashtraMumbai (SEEPZ) and Hupari near Kolhapur (Hupari Silver Craft GI)
  • Odisha and TelanganaCuttack and Karimnagar — silver filigree
  • Uttar Pradesh and GujaratAgra, Mathura and Rajkot

Export packing

  • Each piece in an anti-tarnish polybag or tissue with a tag (style number, net silver weight, purity 925), then in sealed inner boxes.
  • Small consignments go by courier or postal export (with e-commerce shipping bills); larger ones by air cargo.
  • Declare the stones (natural, synthetic or imitation) on the invoice and tag.

Who buys abroad

  • Fashion and jewellery retail chains
  • TV shopping channels and online marketplaces
  • Wholesalers in Hong Kong, the USA and the UK
  • Boutique and ethnic-jewellery shops

The quality buyers ask for

Purity
Sterling 925 (92.5% silver) is the export norm; 999 fine silver for some articles
Plating and finish
Rhodium or gold plating, oxidised finish; plating thickness if the buyer specifies it
Nickel and lead
EU REACH limits on nickel release and lead in jewellery; US CPSIA lead limits for children's jewellery
Cadmium
EU REACH restricts cadmium in metal parts of jewellery
Stones
Natural, synthetic or imitation stones declared

Certificates

  • Purity mark or hallmarkRequiredThe UK requires a hallmark on silver articles above 7.78 g before sale; the USA requires a trademark alongside a "925" or "sterling" mark.
  • Chemical test report (nickel, lead, cadmium)Often askedAsked for by EU and US retailers.
  • Social compliance audit (amfori BSCI, SMETA or SA8000)RequiredMost retailers and brands require it for the factory.
  • Responsible Jewellery Council (RJC)Often askedAsked for by some large brands.

Shipping, storage and shelf life

Container load

Small parcels or air-cargo cartons; no containers.

How it travels

Air cargo, courier or postal export from Jaipur, Mumbai and Delhi; e-commerce exports allowed through courier and Dak Ghar Niryat Kendras.

Storage

Anti-tarnish bags and dry storage; silver tarnishes in humid air.

What goes on the pack and carton

  • "925" or "Sterling" mark on the piece, with the maker's or importer's trademark (USA).
  • Tag: style number, net silver weight, stone description and price label from the buyer.
  • Country of origin ('Made in India') on the product or its packing, as the buyer's customs require.
Where to get it tested

BIS-recognised Assaying and Hallmarking Centres test silver purity. For nickel, lead and cadmium tests, search the NABL directory; GJEPC's gem-testing laboratory in Jaipur identifies gemstones.

Benefits of exporting this product

Where to register

  • GJEPC (Gem & Jewellery Export Promotion Council)RCMC for silver jewellery and silver filigree.gjepc.org ↗

Quality and checks

  • 925 purity must hold on assay; the USA requires a trademark alongside "925" or "sterling" marks.
  • UK: silver articles above 7.78 g must be hallmarked before sale.
  • EU REACH limits nickel release, lead and cadmium in jewellery.
How to start small

Build a catalogue of 100–300 designs with weights and prices, join GJEPC, and sell first to boutique and online buyers in small lots, shipping by courier. Add nickel and cadmium test reports before approaching chains.

Where new exporters go wrong

  • Purity below 925 in castings with too much alloy.
  • Nickel in plated pieces for EU buyers.
  • Tarnish on arrival from poor packing.

Documents this product needs

Schemes that apply

Sources (7)
  1. Department of Commerce, Export Import Data Bank — India's exports of HS 7113 11 and 7114 11 by country, 2025-26
  2. DGFT — Appendix 2T: Export Promotion Councils and the products under each
  3. DGFT — ITC(HS) export policy search (Schedule 2)
  4. GJEPC (Gem & Jewellery Export Promotion Council) — official site
  5. UK Government — British Hallmarking Council (Hallmarking Act 1973: hallmarking of gold, silver and platinum articles)
  6. eCFR — 16 CFR Part 23, FTC Guides for the jewelry, precious metals and pewter industries
  7. ECHA — substances restricted under REACH (Annex XVII)

Trade data

Indian silver jewellery and articles exports in numbers

From the Department of Commerce’s TradeStat, country by country. US$, Indian financial years (April–March).

Exports in 2025-26
US$ 1.66 bn
-1.3% a year on average, 2020-21 to 2025-26
Change from 2024-25
↑ +65.9%
US$ 1 bn → US$ 1.66 bn
Buyer countries
88
Average export price
US$ 9759.82
per kg · 170 tonnes shipped · US$ 5125.43 the year before
Hong Kong: US$ 1.02 bnUnited States of America: US$ 297 mnUnited Kingdom: US$ 72.9 mnThailand: US$ 56 mnUnited Arab Emirates: US$ 40.4 mnGermany: US$ 24.9 mnCanada: US$ 22.3 mnSpain: US$ 20.8 mnAustralia: US$ 18.9 mnItaly: US$ 14.7 mnFrance: US$ 7.6 mnDenmark: US$ 6.8 mnJapan: US$ 6.4 mnMexico: US$ 5.5 mnSingapore: US$ 5.5 mnBelgium: US$ 3.4 mnSweden: US$ 3.2 mnNetherlands: US$ 2.8 mnSwitzerland: US$ 2.4 mnPhilippines: US$ 1.8 mnSouth Africa: US$ 1.6 mnNorway: US$ 1.4 mnMalaysia: US$ 1.2 mnHong Kong: US$ 1.02 bnHong KongUnited States of America: US$ 297 mnUnited States of AmericaUnited Kingdom: US$ 72.9 mnUnited KingdomThailand: US$ 56 mnThailandUnited Arab Emirates: US$ 40.4 mnUnited Arab EmiratesGermany: US$ 24.9 mnCanada: US$ 22.3 mnSpain: US$ 20.8 mnSpainAustralia: US$ 18.9 mnItaly: US$ 14.7 mnFrance: US$ 7.6 mnDenmark: US$ 6.8 mnJapan: US$ 6.4 mnMexico: US$ 5.5 mnSingapore: US$ 5.5 mnBelgium: US$ 3.4 mnSweden: US$ 3.2 mnNetherlands: US$ 2.8 mnSwitzerland: US$ 2.4 mnPhilippines: US$ 1.8 mnSouth Africa: US$ 1.6 mnNorway: US$ 1.4 mnMalaysia: US$ 1.2 mnIndia
Where Indian silver jewellery and articles goes — among our 80 countries, 2025-26
2020-21: US$ 1.77 bn1.8k2020-212021-22: US$ 2.25 bn2.3k2021-222022-23: US$ 2.96 bn3.0k2022-232023-24: US$ 1.64 bn1.6k2023-242024-25: US$ 1 bn1.0k2024-252025-26: US$ 1.66 bn1.7k2025-26
India’s silver jewellery and articles exports, year by year · US$ million

The price cycle

India’s average export price per kg each year (total value ÷ total quantity). Highest in 2020-21, lowest in 2024-25 — a 103% swing between them. Keep this swing in mind when you quote.

2020-21: US$ 10390.68 per kg10390.682021-22: US$ 9780.28 per kg2022-23: US$ 6877.43 per kg2024-25: US$ 5125.43 per kg5125.432025-26: US$ 9759.82 per kg9759.822020-212021-222022-232023-242024-252025-26
Average export price of Indian silver jewellery and articles · US$ per kg · dotted = year in between not available

What next: a projection from the trend

The past trend carried forward — not a forecast by any authority. Sudden changes in policy, prices or demand are not in it.

2020-21: US$ 1.77 bn2020-212021-22: US$ 2.25 bn2021-222022-23: US$ 2.96 bn2022-232023-24: US$ 1.64 bn2023-242024-25: US$ 1 bn2024-252025-26: US$ 1.66 bn2025-262026-27: US$ 1.28 bn (US$ 788 mn – US$ 2.06 bn)1.3k2026-272027-28: US$ 1.16 bn (US$ 677 mn – US$ 1.98 bn)1.2k2027-28
India’s silver jewellery and articles exports and projection · hollow bars = projection, line = likely range
By 2027-28: US$ 1.16 bn

Likely range US$ 677 mn to US$ 1.98 bn.

Trend
-9.1% a year
Fit (R²)
0.24 — weak, read with care
Based on
6 years of official figures

Method: a straight line through the logarithm of yearly exports (log-linear regression); range = ±1 standard error.

Biggest buyer countries

By value in 2025-26. Change is against 2024-25.

Name2025-26Change
1Hong KongUS$ 1.02 bn+154.4%
2United States of AmericaUS$ 297 mn-14.5%
3United KingdomUS$ 72.9 mn+14.1%
4ThailandUS$ 56 mn+74.1%
5United Arab EmiratesUS$ 40.4 mn+253%
6GermanyUS$ 24.9 mn+20.6%
7CanadaUS$ 22.3 mn+44.9%
8SpainUS$ 20.8 mn+1.1%
9AustraliaUS$ 18.9 mn+26.6%
10ItalyUS$ 14.7 mn+7.3%
11FranceUS$ 7.6 mn+6%
12DenmarkUS$ 6.8 mn-20.2%

Where demand is rising and falling

Only countries that buy at least US$ 1 million or 1% of India’s exports of this product. Change from 2024-25 to 2025-26.

High demand

  1. United Arab EmiratesUS$ 11.5 mn → US$ 40.4 mn+253%
  2. Hong KongUS$ 402 mn → US$ 1.02 bn+154.4%
  3. ThailandUS$ 32.2 mn → US$ 56 mn+74.1%
  4. CanadaUS$ 15.4 mn → US$ 22.3 mn+44.9%
  5. AustraliaUS$ 14.9 mn → US$ 18.9 mn+26.6%
  6. GermanyUS$ 20.6 mn → US$ 24.9 mn+20.6%
  7. United KingdomUS$ 63.9 mn → US$ 72.9 mn+14.1%

Low demand

  1. United States of AmericaUS$ 347 mn → US$ 297 mn-14.5%

Which forms sell, and at what price

India’s exports by 8-digit tariff line, 2025-26. Average price = total value ÷ total quantity (TradeStat): the average of every shipment on that line, not the price of any one deal.

Tariff lineValue 2025-26ChangeQuantityAverage price
Other jewellery, studded with diamonds of heading 71027113 11 43 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 1.11 bn+109.5%11 tonnesUS$ 97032.24 per kgwas US$ 33674.63
Others-of-articles of jewellery and parts thereof of slvr whether or not pltd/cld with other prcs metal7113 11 49 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 140 mn+9.1%34 tonnesUS$ 4100.51 per kgwas US$ 3331.77
Other jewellery, studded with diamonds of heading 71047113 11 44 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 133 mn+66.8%9.6 tonnesUS$ 13856.86 per kgwas US$ 9353.37
Other jewellery, studded with other precious and semi-precious stones7113 11 45 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 129 mn-4.5%48 tonnesUS$ 2665.81 per kgwas US$ 2315.81
Other jewellery, unstudded7113 11 41 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 112 mn+12.1%43 tonnesUS$ 2603.95 per kgwas US$ 1924.51
Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereof — parts7113 11 90US$ 17.4 mn+52.4%11 tonnesUS$ 1558.38 per kgwas US$ 1251.92
Silversmiths' wares, and parts thereof, of silver, whether or not plated or clad with other precious metal — manufactures of silver7114 11 10US$ 17.2 mn+20.7%12 tonnesUS$ 1479.18 per kgwas US$ 1158.74
Other jewellery, studded with pearls7113 11 42 · Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereofUS$ 3.9 mn+23%0.9 tonnesUS$ 4450.87 per kgwas US$ 3305.17
Jewellery, of silver, whether or not plated or clad with other precious metal, and parts thereof — silver filligree work7113 11 10US$ 270k+42.1%0.1 tonnesUS$ 2014.93 per kgwas US$ 1407.41
Silversmiths' wares, and parts thereof, of silver, whether or not plated or clad with other precious metal — parts7114 11 20US$ 20k—0.0 tonnesUS$ 2000.00 per kg

The world market

Each country’s own recorded exports and imports in UN Comtrade, 2023 (the latest year nearly every country has reported).

World imports
US$ 9.1 bn
2023
India among exporters
#1
of 134 countries
India’s share of world exports
19.4%
US$ 1.69 bn
Left for others to win
US$ 7.05 bn
exported by other countries

Top exporters — your competitors

  1. 1IndiaUS$ 1.69 bn 19.4%
  2. 2ThailandUS$ 1.62 bn 18.6%
  3. 3ItalyUS$ 1.01 bn 11.5%
  4. 4ChinaUS$ 821 mn 9.4%
  5. 5GermanyUS$ 799 mn 9.1%
  6. 6USAUS$ 571 mn 6.5%
  7. 7China, Hong Kong SARUS$ 399 mn 4.6%
  8. 8FranceUS$ 252 mn 2.9%
  9. 9TürkiyeUS$ 178 mn 2%
  10. 10United KingdomUS$ 165 mn 1.9%

Biggest buyers in the world

  1. 1China, Hong Kong SARUS$ 1.71 bn 18.8%
  2. 2USAUS$ 1.67 bn 18.3%
  3. 3GermanyUS$ 653 mn 7.2%
  4. 4FranceUS$ 505 mn 5.6%
  5. 5ItalyUS$ 483 mn 5.3%
  6. 6United KingdomUS$ 409 mn 4.5%
  7. 7United Arab EmiratesUS$ 358 mn 3.9%
  8. 8IndiaUS$ 262 mn 2.9%
  9. 9CanadaUS$ 226 mn 2.5%
  10. 10ThailandUS$ 218 mn 2.4%

Opportunity: what these countries buy from the world, and from India

Each country’s own recorded imports in UN Comtrade, latest year it has reported. The long light part of each bar is demand other countries are filling today.

United States of AmericaUS$ 1.75 bnIndia 20.9% · gap US$ 1.39 bn
GermanyUS$ 686 mnIndia 4.3% · gap US$ 656 mn
FranceUS$ 490 mnIndia 3.8% · gap US$ 471 mn
ItalyUS$ 434 mnIndia 2.4% · gap US$ 424 mn
United KingdomUS$ 409 mnIndia 14.3% · gap US$ 350 mn
United Arab EmiratesUS$ 358 mnIndia 3.7% · gap US$ 345 mn
SpainUS$ 260 mnIndia 8.3% · gap US$ 239 mn
CanadaUS$ 236 mnIndia 10.9% · gap US$ 210 mn
JapanUS$ 197 mnIndia 3.2% · gap US$ 190 mn
AustraliaUS$ 156 mnIndia 8.6% · gap US$ 143 mn

TradeStat’s 2023-24 quantities are double-counted, so that year is left out of the price. Sources: TradeStat — Export Import Data Bank, Department of Commerce · UN Comtrade database (United Nations Statistics Division) · Figures taken 29 October 2026.

Step by step

How to export silver jewellery and articles

India is a large maker of sterling silver jewellery, especially in Jaipur, and exports mostly to Hong Kong, the USA and the UK. Thailand, China and Indonesia (Bali) are the main competitors. Silver jewellery sells at fashion price points, so demand comes from fashion chains, TV shopping and online sellers who order many designs in small quantities. Gem-set silver from Jaipur and traditional filigree are India's strengths. Openings are in branded and online sales, gem-set designs and handmade filigree with GI protection.

  1. 01Join GJEPC

    Take the GJEPC RCMC; silver filigree and silver jewellery are in its product list.

  2. 02Build a design range

    Show 100–300 designs with weights and prices; buyers pick a few to order.

  3. 03Source silver

    Buy duty-paid silver and claim drawback, or use duty-free routes under Chapter 4 of the FTP.

  4. 04Make, test and mark

    Cast or hand-make, set stones, plate, then test for nickel and cadmium and stamp purity marks.

  5. 05Pack and ship

    Anti-tarnish packing; ship by air or courier with the e-commerce or regular shipping bill.

  6. 06Ship and claim benefits

    File the shipping bill on ICEGATE with the correct 8-digit HS code, declare RoDTEP and drawback, and keep the mill or test certificates with the export file.

  7. 07Get paid safely

    Use an LC or documents against payment with new buyers, take ECGC cover for open-account sales, and close the export with an e-BRC once the money arrives.

Meet buyers

Trade fairs

Questions

Questions about exporting silver jewellery and articles

Is silver jewellery free to export?
Yes, silver jewellery and articles are freely exportable under ITC(HS) Schedule 2. Confirm your 8-digit line on DGFT.
Can I sell silver jewellery online abroad?
Yes. Jewellery can be exported through e-commerce by courier or post, with value limits set by CBIC — check the current courier export rules.
Why does the UK need a hallmark?
Under the UK Hallmarking Act, silver articles above 7.78 g must be hallmarked by a UK Assay Office (or carry a Convention mark) before they are sold.
What is the drawback on silver?
A rupee amount per kilogram of net silver content, revised often — read the latest CBIC notification.
What causes rejections?
Purity below 925, nickel in plated pieces, loose stones, tarnish on arrival and wrong stone descriptions.
Sources (7)
  1. GJEPC (Gem & Jewellery Export Promotion Council) — official site
  2. UK Government — British Hallmarking Council (Hallmarking Act 1973: hallmarking of gold, silver and platinum articles)
  3. eCFR — 16 CFR Part 23, FTC Guides for the jewelry, precious metals and pewter industries
  4. ECHA — substances restricted under REACH (Annex XVII)
  5. IP India (Geographical Indications Registry) — Registration details of Geographical Indications
  6. CBIC — Duty drawback (current schedule and amendments)
  7. Department of Commerce, Export Import Data Bank — India's exports of HS 7113 11 by country, 2025-26

Who buys Indian silver jewellery and articles

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