From 50% to 18%: Why the US tariff cut matters for India’s gems and jewellery trade
- Posted on February 3, 2026
- By Financial Express
- 7 Views
From 50% to 18%: Why the US tariff cut matters for India’s gems and jewellery trade
The US is India’s largest market for gems and jewellery, accounting for about 30% of industry sales, and the tariff rollback comes after nearly six months of uncertainty, shipment delays and a sharp fall in exports.
