Archive · 31 Jul 2025
Indian Gems, Jewelry Exports Face Potential US Tariff Impact
Imagine India sells lots of jewelry to the US.
The US wants to charge extra fees (tariffs) on these items.
This might make the jewelry more expensive and hurt sales.
Jewelry makers in India are worried and might lose jobs.
Some are thinking of moving their factories to other places, like the UAE, to avoid these extra fees.
The US and India are talking about it, but for now, the jewelry industry is worried about what will happen.
Gems and jewellery exports from India face potential decline due to proposed US tariffs.
Industry experts anticipate job losses and shifts in production to the UAE.
India's gems and jewellery exports decreased by 14.25% in June 2025.
Negotiations for a bilateral trade agreement between the US and India are ongoing.
Some manufacturers may shift bases to the US or the UAE to avoid tariffs.
- Who
- Indian gems and jewellery manufacturers, the US government, and industry analysts.
- What
- Potential imposition of tariffs by the US on Indian gems and jewellery exports.
- When
- June 2025, when exports declined.
- Where
- India, the US, and the UAE.
- Why
- To potentially apply extra tariffs on imports.
Industry Concerns
Market Outlook
Impact of Tariffs
Industry Concerns
Tariffs would severely impact Indian exports, potentially leading to job losses and production shifts.
Market Outlook
Negotiations with the US government might resolve the issue.
- June 2025 Export Decline
- 14.25%
- Annual Exports to US
- $12 billion
- UAE Tariff
- 10%
- Thailand Tariff (Negotiating)
- 36%
