A proposed India–US trade deal could significantly boost India’s gems and jewellery exports, with industry leaders projecting strong growth driven by improved market access and lower tariff barriers.
According to the Gem & Jewellery Export Promotion Council (GJEPC), exports of gems and jewellery to the United States could rise by around 25% if the agreement delivers meaningful tariff relief and smoother trade procedures. The US is India’s largest export market for the sector, accounting for a substantial share of outbound shipments.
Industry representatives said key product segments such as cut and polished diamonds, gold jewellery, studded jewellery, and lab-grown diamonds stand to benefit the most from reduced duties and clearer regulatory pathways. Lower tariffs would help Indian exporters improve price competitiveness against suppliers from other countries.
Beyond tariffs, the proposed deal is also expected to streamline compliance requirements, customs processes, and certification norms, easing costs for exporters, particularly small and medium enterprises. The sector, which employs millions across India’s manufacturing and value chain, views the agreement as a potential catalyst for job creation and capacity expansion.
GJEPC officials added that sustained engagement with US buyers and predictable trade rules would encourage long-term contracts and investment in design, technology, and responsible sourcing. If finalised, the trade deal could reinforce India’s position as a global hub for gems and jewellery while deepening bilateral trade ties with the United States.
