Tariff Cut to 18% Boosts India's Gems & Jewellery Exports to US

• US-India trade tensions ease, reducing tariffs on Indian gems and jewellery exports to 18% from 50%.
• The US is India's largest export market for gems and jewellery, accounting for 30% of industry sales.
• Exports to the US declined significantly by 44.42% to US$3.86 billion during April–December 2025 due to high tariffs.
• The sector, India's third-largest export category to the US, supports millions of livelihoods.
• Industry bodies anticipate new trade agreements will further strengthen India's global market position.

Why It Matters: Reduced tariffs on Indian gems and jewellery exports to the US offer significant relief and boost the sector.