Archive · 24 Jul 2025
India-UK Trade Deal Aims to Boost Jewelry Exports
India and the UK have agreed to a new trade deal to help businesses.
This deal is good news for people who export jewelry from India to the UK.
Currently, about $941 million worth of jewelry is exported, but with the new deal, this could increase to $2.5 billion in the next three years.
Overall, the deal is expected to increase trade in gems and jewelry to $7 billion.
However, in June, jewelry exports decreased because of problems in the economy and less demand.
The amount of jewelry imported also decreased because people weren't buying as much due to high gold prices.
India-UK free trade agreement finalized to boost gem and jewellery exports.
Jewellery exports to the UK, currently at $941 million, could reach $2.5 billion in three years.
Overall bilateral trade in the gem and jewellery sector is expected to reach $7 billion.
Gem and jewellery exports dipped 14% in June due to economic uncertainties and weak demand.
Imports of gems and jewellery decreased by 3% due to stagnant demand and high gold prices.
- Who
- The Gem & Jewellery Export Promotion Council (GJEPC) and jewelry exporters.
- What
- A free trade agreement between India and the UK is expected to boost gem and jewelry exports.
- When
- The agreement was finalized recently.
- Where
- Between India and the UK.
- Why
- To increase exports and bilateral trade in the gem and jewelry sector.
Positive Impact
Potential Challenges
Market Expansion and Demand
Positive Impact
The deal is expected to increase exports, potentially leading to a $2.5 billion market in three years.
Potential Challenges
The demand in Europe is lower than other regions, which might impact expansion.
- UK Jewellery Exports
- $941 million (current)
- Potential UK Exports
- $2.5 billion (in three years)
- Expected Bilateral Trade
- $7 billion
- Export Dip (June)
- 14%
- Import Dip (June)
- 3%