US Imposition of 50% and 57% Tariffs on Indian Gems and Jewellery

• US imposes 50% and 57% tariffs on Indian gems and jewellery, causing concern among importers and artisans.

• Over 70% of jewellery manufactured in Santacruz Electronics Export Processing Zone (SEEPZ) caters to the U.S. market.

• Tariffs increased from 10% to 50% from August 27, 2025, affecting over 30% of India’s cut and polished diamond export to the U.S.

• The tariffs have led to a 75% decrease in total gems and jewellery export to the U.S. from India, with exports plummeting by 39%.

• The situation raises questions about the future of skilled laborers, who depend on the U.S. government for their income.

Diamond Industry Struggles Amid Price Rise

• Large exporters may absorb the shock, but small and medium enterprises will struggle to stay afloat.

• Industry insiders suggest Indian loose diamond exporters worked on a modest margin of 4-6%, which rose to double digits and even to 100% for U.S. importers.

• Expectations of relief include regulatory relief, easing of export conditions on duty-free gold, and extension of payment realisation from 9 months to 15 months.

US Tariffs on Gems is important topic for Civil service exam (WBCS).

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