India-UK CETA kicks in: 27 exporters ship first $10M jewellery consignment as UK tariffs fall
The India-UK CETA takes effect, scrapping UK tariffs of up to 4% on Indian jewellery, apparel, leather, footwear and textiles. GJEPC coordinated a first $10M jewellery consignment from 27 exporters across Delhi, Mumbai, Surat, Kolkata, Jaipur and Chennai. Gem exports to the UK are projected to grow from $754M to nearly $2.5B over three years.
India-UK CETA takes effect, eliminating UK tariffs up to 4% on Indian jewellery and apparel, leather, footwear, textiles. First $10M jewellery consignment from 27 exporters across six cities; gem exports projected to grow from $754M to $2.5B in three years.
Why this matters
The shipment operationalizes the India-UK FTA that took effect July 15, opening a duty-free UK jewellery market, and offsets weaker sector output after gems & jewellery exports slipped 2.49% in May.
Retail-company signals accelerating at +791800% QoQ.