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Gems & jewellery exporters seek to cushion US tariff blow
Financial Express Ahmedabad
|November 08, 2025
INDIA'S GEMS AND JEW-ELLERY exporters are finding new avenues to sustain their businesses amidst the 50% additional tariff in the US, by exporting high-margin diamond-studded jewellery to the US and catering to a burgeoning domestic market.
They are also fast diversifying into new markets, besides consolidating presence in key non-US markets like the UAE, to stay afloat.
Trade data reveal that gems and jewellery exports to the US, conventionally a key destination, dropped by 40.3% to $2.77 billion from April to September 2025, while cut and polished diamond (CPD) exports to the country dropped 53.6% to $1.17 billion.
However, battling these headwinds, exporters report a growing demand for diamond-studded jewellery in the US. Alkesh Shah, vice chairman of Goldstar Jewellery, told FE. “Overall, diamond exports to the US have fallen by 13-16% for us. But studded diamond jewellery demand has increased by about 10%,which is being capitalised,” he added.
यह कहानी Financial Express Ahmedabad के November 08, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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