Jagdamba Pearls adapts to the modern jewellery buyer … a legacy in transition
April 4, 2025
China hits back at US with 34% tariff on American imports by retaliation for Trump’s levies
April 5, 2025Indian gems and jewellery industry to take a big hit by Trump’s 27 per cent tariffs
The US accounts for nearly one-third of India’s $32 billion gem and jewellery exports. With the new tariffs, products like cut and polished diamonds, which previously faced no duty, will now attract a 27 per cent tariff. Gold and platinum jewellery will face 32-34 per cent duty, while silver jewellery could be taxed as high as 40.5 per cent. Other items such as lab-grown diamonds and imitation jewellery will also see significant hikes, going up to 38 per cent.
US President Donald Trump’s 27 per cent tariff on the gems and jewellery industry will cause disruption, as the US is one of India’s major exporting destinations
Gold and platinum jewellery will face 32-34 per cent duty, while silver jewellery could be taxed as high as 40.5 per cent. Other items such as lab-grown diamonds and imitation jewellery will also see significant hikes, going up to 38 per cent.
