Published by Jewel News Desk on
The Interim Trade Agreement between India and the United States leading to removal of tariffs is a timely and positive step for the Indian gems and jewellery industry. For a sector that thrives on trust, long-term relationships, and global collaboration, this development restores both competitiveness and confidence – especially in the natural diamond segment, where India plays an unmatched role in value addition and scale.
The United States has always been one of the most important markets for Indian diamonds and jewellery. The earlier tariff challenges had disrupted demand, pricing structures, and supply chains, creating pressure across the ecosystem- from large manufacturers to small artisans. The tariff relief provides immediate breathing space, allowing Indian exporters to re-engage with US partners on more equitable terms and rebuild momentum that was temporarily lost.
For natural diamonds, this is particularly significant. India is not just a supplier; it is the global centre for precision cutting, ethical sourcing practices, and consistency of supply. Lower trade barriers reinforce India’s position as a trusted partner in the global diamond value chain and help sustain millions of livelihoods linked to this industry.
I would like to express my sincere gratitude to the Government of India for its proactive and pragmatic approach in trade negotiations. The ability to balance national interests with the realities of global trade reflects strong leadership and a deep understanding of export-driven industries. I also commend the Gem & Jewellery Export Promotion Council (GJEPC) for its persistent representation of industry concerns and constructive engagement with policymakers.
New Perspectives – Additional Opportunities beckon
Apart from the above listed positive developments, we also need to realise that there are additional opportunities over and above the existing business in our gems & Jewellery manufacturing sector.
The next frontier is strategic: India now hosts world-class management, design, analytics, and retail-operations talent, evidenced by global financial and modern retail firms running GCCs from India. With tariff rationalisation across developed markets (EU, UK apart from USA), the global premium and luxury retail industry can increasingly view India not just as a product supplier, but as an end-to-end global hub—integrating manufacturing, design, brand management, and technology services.
As we look ahead, I am optimistic that this progress will lead to a comprehensive agreement and many other positive outcomes that supports sustainable growth, strengthens bilateral trade, and allows the Indian gems and jewellery industry – especially natural diamonds – to shine even brighter on the global stage.