Following the India–US Interim Agreement framework announcement, GJEPC confirms duty reduction on jewellery to 18% and anticipates zero-duty access for diamonds and coloured gemstones in the US market.

IGI acquired American Gemological Laboratories on January 31, 2026, in New York and Mumbai to expand coloured gemstone certification, linking US and India markets through a combined global platform.

India’s gem and jewellery exports to the US declined sharply in April–December 2025 amid tariff pressures, while growth in UAE, Hong Kong and FTA markets kept overall exports largely stable.

Litestyle by PNG Jewellers has opened a 600 sq ft standalone store in Viman Nagar, Pune, expanding its local footprint to four stores and supporting PNG Jewellers’ multi-format retail growth.

The recent imposition of steep tariffs by the Trump administration on diamonds imported from India has sent ripples across the US diamond jewellery sector. India being the primary supplier of polished diamonds to America, the world’s largest consumer market, the tariffs have caused supply chain disruptions, and are likely to lead to rising product costs. Prices are expected to go up, once the existing inventory depletes, unless a deal is reached between the US and India. Suneeta Kaul speaks with Paul Zimnisky, renowned diamond industry analyst, to gain insights into the fallout of the tariffs, and how they are reshaping buying behaviour and pricing strategies in the US.

Kalyan Jewellers is set to deepen its presence in non-South markets by expanding through a franchise-owned company-operated model, focusing on capital efficiency, debt reduction, and overseas growth, including the US.

India’s gem and jewellery exports record a steady recovery in the first half of FY2025–26, witnessing a growth of 3.66% to US$14.09 billion between April and September 2025 compared to US$13.60 billion in the same period last year

The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.

Silver jewellery continues to dominate the US retail market in 2024, registering robust sales growth and delivering the highest margins among all precious metals, according to the latest survey by the Silver Institute

Move aims to ease trade tensions and gain relief from potential US tariff hikes

The Gem & Jewellery Export Promotion Council (GJEPC) is optimistic about a recovery in diamond exports despite recent declines

Indian exporters are urging the government to allocate Rs 750 crore over three years to capitalise on a $25 billion export potential in the US, as evolving trade dynamics create new opportunities

This move marks a significant step in Kalyan's strategy to expand its global footprint, joining competitors like Tanishq in targeting the Indian diaspora abroad

Indian jewellery brands are pressing forward with their expansion into the US market despite facing economic and geopolitical hurdles