Indian diamond and jewellery exporters considering overseas units to bypass US tariffs: Industry insiders
New Delhi [India]September 14 (Memorial): Industry, according to the inside, Indian diamonds and jewelery exporters want to establish production units in friendly countries to avoid the influence of US tariffs and to maintain their competitiveness in the American market.
However, despite the expectations of industrial internalists, an important player has not announced such a move so far.
The US currently has a 50 percent tariff in Indian diamonds and jewels that came into force on 27 August 2025.
“Our American market is like a big market and this is an important segment of our exports. But naturally, people find ways they can have a partial structure in India, and then the product does not come from India and this is not connected to India’s throat,” he said. Delhi Jewellery & Gem Fair in the national capital on Sunday said on the edges of the 13th edition of 2025.
Yogesh Mudras, General Manager, Informa markets, industrial players, such as Europe, Southeast Asia and the Middle East, such as trying to look at different markets, he said.
“The industry is also trying to understand that there is a risk at the moment, so they are trying to look at different markets to export, especially in Europe, Southeast Asia and Middle East.
“Politics changes are an integral part of any export business. This should not think that he is more wise for every business house to have the end of the road.
Dewan encourages businesses beyond traditional markets.
He concluded by calling a balanced and inclusive global trade view: “Each Sunday should be seen equal treatment. We must enter all potential regions with a fair and open trade approach.
According to Crisil intelligence, micro, small and medium -sized enterprises (MSMEs) in sectors such as textile, diamonds and chemicals, which make up about 45 percent of India’s total exports, are most likely to be affected by the USA by the USA.
In the jewelry and jewelry sector, the diamond shine of the face, which has dominated the exports of the country with more than 80 percent share, will also be seriously affected.
Diamonds make up more than half of India’s total jewelery and jewelery exports, the United States has become a large consumer and constitute approximately one -third of posts. (MOMENT)
