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India’s Jewellery Exports Face Significant Decline Due to U.S. Tariffs

With the U.S. imposing a 26% reciprocal tariff, India’s $32 billion gems and jewellery industry braces for a sharp fall in exports, especially to its largest

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India’s $32 billion gems and jewellery industry is gearing up for a sharp decline in exports as the imposition of hefty U.S. tariffs is expected to disrupt sales to its largest market, officials say. The United States recently imposed a 26% reciprocal tariff on India, marking a significant setback to the country’s export ambitions under President Donald Trump’s global trade policy.

“The tariff is higher than expected,” said Colin Shah, managing director of Kama Jewelry, one of India’s leading diamond jewellery manufacturers. “It is quite severe and will affect exports.”

India remains the world’s largest hub for diamond cutting and polishing, processing nine out of every ten diamonds globally. The United States accounts for nearly $10 billion—or 30.4%—of India’s annual gems and jewellery exports.

Despite its importance, the gems and jewellery sector, India’s third-largest export to the U.S. after engineering and electronics, is already struggling. The industry employs millions in India and has seen a recent downturn due to weak demand from China, resulting in a 14.5% drop in exports to $32.3 billion in the 2023-24 fiscal year.

However, industry leaders remain optimistic that a long-term bilateral trade deal with the U.S. could alleviate some of the negative impact. “We’re pretty hopeful that India could land a trade deal with the U.S. in the next few months. So, we just need to push through this tough phase for a little while longer,” said Shaunak Parikh, vice chairman of the Gem and Jewellery Export Promotion Council (GJEPC).

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From Haldi To Reception: Summer Wedding Jewellery & Gifting Ideas By Candere

From Breezy Wedding Celebrations To Meaningful Gifting Moments, Lightweight Jewellery Emerges As The Perfect Blend Of Comfort, Versatility and Contemporary Elegance For The Summer Wedding Season.

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Summer weddings are defined by effortless elegance, breathable silhouettes, and jewellery that feels just as light and versatile as the celebrations themselves. From intimate haldi brunches and breezy mehendi gatherings to glamorous reception soirées, modern wedding guests are increasingly gravitating towards lightweight jewellery that balances comfort with statement-worthy style.

Beyond occasion dressing, these versatile pieces are also emerging as thoughtful gifting choices for bridesmaids, sisters, and loved ones during the wedding season.

Candere Lifestyle Jewellery – A Kalyan Company brings together contemporary craftsmanship and versatile design, offering elegant pieces that transition seamlessly across every summer wedding occasion while also serving as timeless gifting options.

Dazzling Rays Diamond Dangle Earrings

Elegant movement and minimal glamour come together beautifully in the Dazzling Rays Diamond Dangle Earrings. Their lightweight construction makes them ideal for long summer celebrations while still delivering a refined festive statement.

These earrings pair beautifully with sleek gowns, draped sarees, and fusion wear for receptions, and make an elevated gifting pick for sisters or bridal party members.

Regal Bloom Diamond and Fancy Gemstone Ring

Bold yet wearable, the Regal Bloom Diamond and Fancy Gemstone Ring is designed for those who love statement jewellery without the heaviness of traditional occasion pieces. Its floral-inspired detailing adds freshness to summer wedding styling. The ring stands out by pairing it with minimal jewellery and monochrome outfits, or gift it as a memorable token for milestone wedding celebrations.

Kennedy Diamond and Fancy Gemstone Collar Necklace

The Kennedy Diamond and Fancy Gemstone Collar Necklace brings effortless sophistication to evening wedding dressing. The contemporary collar silhouette, combined with gemstone accents, makes it ideal for modern festive wardrobes. Style it with deep necklines or structured blouses for reception glamour, or choose it as a premium gifting piece for the bride-to-be or a close family member.

Vine With Pearl Diamond Oval Bracelet

Delicate yet statement-worthy, the Vine With Pearl Diamond Oval Bracelet blends contemporary charm with timeless elegance. The pearl detailing paired with subtle diamond accents makes it perfect for daytime wedding functions and pastel ethnic ensembles.

Pair it with organza sarees or floral lehengas for haldi and mehendi functions, or gift it as a versatile keepsake bridesmaids can rewear beyond the wedding season.

Mystic Dazzling Diamond and Gemstone Oval Bracelet

The Mystic Dazzling Diamond and Gemstone Oval Bracelet adds a vibrant touch to summer occasion dressing with its gemstone detailing and sleek silhouette. Lightweight and easy to stack, it seamlessly transitions from festive brunches to evening celebrations.

Style it with stacked bangles and Indo-Western looks for cocktail events, or choose it as a colourful gifting option for close friends and wedding guests.

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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.

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