New 10% US tariff lifts duty on Indian jewellery imports to as much as 16%

A US Section 301 tariff effective July 24 adds 10% to Indian gems and jewellery exports, taking effective import duties to roughly 15.5%-16%. GJEPC says India remains better placed than several Asian hubs but faces a disadvantage against duty-free European and African diamond-trading markets.

— Filed Sat, 25 Jul, 2026, 14:51 IST · Source BL · Consumer & Economy · Updated

A new 10% US Section 301 tariff raises effective duties on Indian jewellery imports to about 15.5%-16%, pressuring exporters. GJEPC says India retains an advantage over some Asian hubs but trails duty-free European and African diamond trading competitors.

Why this matters

The tariff follows India’s 26.5% June gem and jewellery export increase, led by gold jewellery, adding pressure in the US market despite GJEPC’s view that India remains better placed than several Asian hubs.

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