Gems & Jewellery Sector Shows Resilience to US Tariffs, Diversifies Markets

• US tariffs, cumulatively close to 50%, were imposed on Indian goods, initially raising concerns for India's export push.
• The gems and jewellery sector, heavily reliant on the US market, is now showing early resilience by diversifying to alternative markets.
• Exports from the sector rose 19.64% year-on-year to $2.5 billion in November 2025, driven by demand from regions like Hong Kong, China, and the Middle East.
• This diversification strategy mirrors the earlier success of India's seafood sector in mitigating tariff impacts by expanding to new markets.
• The sector's resilience strengthens India's trade negotiation stance, reducing pressure to rush deals.

Why It Matters: India's export resilience to US tariffs strengthens its global trade position.