Indian jewellery exporters retain US tariff edge, but duties still rise to 15.5–16%
A 10% additional US tariff on Indian gem and jewellery shipments, effective July 24, is 2.5 percentage points below rates faced by several competing hubs. GJEPC is seeking exemptions for natural diamonds and gemstones and faster India-US trade-agreement talks.
Indian gem and jewellery exporters retain a 10% US Section 301 tariff, lower than several Asian trading hubs but still lifting effective duties to 15.5-16%. GJEPC seeks exemptions for natural diamonds and gemstones and faster India-US trade-agreement negotiations.
Why this matters
The tariff increase follows India’s gem and jewellery exports rising 26.5% to $2.21bn in June, adding cost pressure as export momentum strengthens.
Retail-company signals are accelerating, up 1,105,900% QoQ.