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July 21, 2025Indian gem & Jewellery exporters are eyeing the UAE to expand their business
The Middle East, particularly the UAE, is emerging as a strong alternative, thanks to the India-UAE Comprehensive Economic Partnership Agreement (CEPA). Jewellery businesses in Gujarat are already expanding their market reach in Gulf countries and exploring new avenues in Saudi Arabia and Qatar.
Industry business leaders are now shifting their focus to the Middle East to reduce dependence on the US market. Under CEPA, Indian exporters enjoy zero-duty access to the UAE, making it a lucrative option.
Surat, a major hub for diamond and gold jewellery manufacturing, is likely to be impacted if the US implements the proposed 50% tariff on such goods. The concern stems from the fact that many Indian jewellers import gold, diamonds, and other raw materials from China.
Under US rules, goods that contain over 35% Chinese material fall under the category of “Chinese-origin,” regardless of where they are processed. This could significantly affect India’s $9 billion jewellery exports to the US.
