Archive · 16 Aug 2025
US Tariffs Threaten Indian Gem and Jewellery Exports
The US is putting higher taxes (tariffs) on Indian gem and jewelry, making them more expensive.
This worries Indian exporters because they might lose business to countries with lower taxes, like Turkey.
The industry wants the Indian government to help by reimbursing some of the tax, delaying loan payments, and allowing them to sell unsold goods at home.
Although there was a temporary increase in exports before the tariffs started, the industry is concerned that this won't last.
US tariffs on Indian gem and jewelry exports could make them less competitive.
The Gem & Jewellery Export Promotion Council (GJEPC) seeks government intervention.
Rivals like Turkey, Vietnam, and Thailand enjoy lower tariffs.
Exports rose in July 2025 before tariffs took effect, but a drop is expected.
Industry requests financial relief measures to mitigate the impact of tariffs.
- Who
- Indian gem and jewelry exporters, US consumers, and the Indian and US governments.
- What
- US tariffs on Indian gem and jewelry are impacting the industry.
- When
- Tariffs began in August 2025.
- Where
- United States and India.
- Why
- The specific reasons are not stated in the article.
Indian Gem and Jewellery Industry
US Administration
Impact of Tariffs
Indian Gem and Jewellery Industry
Tariffs are damaging competitiveness.
US Administration
The US Administration's perspective on the tariffs is not explicitly stated in this article.
- Affected Industry
- Gem & Jewellery
- US Market Share
- Approx. 30%
- GJEPC Request
- Duty Drawback reimbursement of 25-50% of new tariffs.
- July 2025 Export Increase
- 16%
- July 2025 Import Increase
- 26.5%
- Tariff Rate
- Up to 50%
Sources
Indian tea could become expensive in US market, around Diwali: Wagh Bakri
Indian tea prices in US set to rise around Diwali amid tariff hike: Wagh Bakri CEO
‘Tariffing India won’t stop Putin’: US Democrats panel slams Trump’s higher tariff