US tariffs bring Indian jewellery exports to a halt, industry hopes for resolution within 3 months

Tue April 08 2025

Indian gems and jewellery exports to the United States have come to a sudden halt following the imposition of 26% tariffs by the US administration. Industry leaders say the shock move has left exporters scrambling and buyers unwilling to commit, but they are hopeful that an agreement between the two governments can be reached within the next three months.

"Starting tomorrow, I don’t see any exports going to the USA," said Adil Kotwal, Chairman of the SEEPZ Gems and Jewellery Manufacturers’ Association (SGJMA). "Everybody has told us to put all orders on hold. They

have told us to manufacture it and keep it ready for them."

Sabyasachi Ray, Executive Director of the Gem and Jewellery Export Promotion Council (GJEPC), echoed the sentiment, calling the current situation a "standstill." “Gems and jewellery are not essential commodities, and they are also very high-value goods. So, a 26% duty on a million-dollar shipment will not work,” he said.

Source: https://www.cnbctv18.com/