National News
US hits India with 25% tariffs; GJ sector to be adversely affected
US President Donald Trump has imposed a 25% tariff on a wide range of goods from India, effective August 1, 2025, triggering alarm across the export sector and raising the spectre of a broader economic fallout. The sweeping measure, aimed at correcting what Trump described as “obnoxious” non-tariff barriers, is being seen as both a protectionist move and a pointed diplomatic signal.
Trump accused India of imposing higher tariffs on US imports and also having the “most strenuous” trade barriers.
The Indian gem and jewellery sector, in particular, stands to be severely impacted. The United States is India’s single largest market, accounting for over $10 billion in exports—nearly 30% of GJ industry’s total global trade.
The increase in tariff from Aug 1 would be 19 percentage points in the case of gold and silver jewellery (plain or studded).
These tariffs could have far-reaching repercussions across India’s economy, disrupting critical supply chains, stalling exports, and threatening thousands of livelihoods.
National News
GJEPC Unveils GCC Customs Guide for Gem & Jewellery Exporters
Comprehensive Guide Details Duties, VAT, Compliance Norms and FTA Benefits to Streamline India–Gulf Jewellery Trade
GJEPC has released a GCC Customs Guide covering import procedures for the UAE, Saudi Arabia, Qatar, Oman, Bahrain and Kuwait, to help exporters navigate compliance requirements and shipment planning.
The GCC remains a key market for India, with exports of about $8 billion in FY 2024-25, contributing nearly 27% of global shipments from the sector. The guide outlines customs duties, VAT Structures, Documentation Norms, Hallmarking and Assay Rules, Kimberley Process and CITES Compliance, Temporary Import Provisions, Port Procedures and Clearance Timelines.
The guide notes that GCC countries broadly follow a 5% import duty regime, with country-specific VAT and regulatory requirements, while CEPA and FTA benefits are available in markets such as the UAE and Oman subject to origin documentation.
Designed as a practical reference, the guide aims to reduce customs delays, compliance costs and entry barriers, particularly for new exporters targeting the Gulf region.
source:GJEPC
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