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.

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

In a significant escalation of trade tensions, former U.S. President Donald Trump has imposed a 25% tariff on all Indian exports, effective August 1, delivering a sharp blow to India’s diamond and jewellery sector. Adding to the disruption, Trump also announced an unspecified "penalty" tied to India's continued purchases of military equipment and oil from Russia.

India and Thailand have reinforced their longstanding trade relations in the gem and jewellery sector with the signing of three pivotal Memorandums of Understanding (MoUs) at the Bangkok Gem and Jewelry Fair (BGJF) 2025

India has officially taken on the role of Partner Country at INHORGENTA 2025, a significant milestone for the global gem and jewellery industry

H.E. Dr. Abdulnasser Alshaali, the UAE Ambassador to India, visited the Gem & Jewellery Export Promotion Council (GJEPC) head office and the Bharat Diamond Bourse (BDB) in Mumbai on January 23, 2025. Accompanied by a delegation of senior officials, the visit focused on leveraging the Indo-UAE Comprehensive Economic Partnership Agreement (CEPA) to boost bilateral trade in the gems and jewellery sector, discussing investment opportunities, visa policies, and enhanced collaboration

The Gem & Jewellery Export Promotion Council (GJEPC) marked a significant milestone with the Silver Jubilee celebration of its Eastern Regional Office in Kolkata. The event witnessed the presence of key industry leaders and highlighted future growth strategies, collaborations, and initiatives to strengthen India’s global position in the gem and jewellery trade

The 4th edition of the International Gem & Jewellery Show (IGJS) Dubai 2024, organized by the Gem & Jewellery Export Promotion Council (GJEPC), has officially launched. With a goal to increase India’s gem and jewellery exports to the UAE by 20% in FY 2024-25, the event highlights the deepening trade relations between the two nations

Today, Italy marked a significant milestone with the inauguration of its inaugural Italian Pavilion at the 19th Singapore International Jewelry Expo (SIJE) held at the Sands Expo Convention Centre, Marina Bay Sands Singapore

Officials from the Royal Thai Embassy and the Thai Trade Centre recently visited the GJEPC Regional Office in Jaipur on July 4th. They aimed to explore avenues for strengthening bilateral trade in the gems and jewellery sector between Thailand and India

The 19th edition of the IGI D Show concluded at the Grand Hyatt Goa with overwhelming success, marking a significant milestone in the diamond industry's calendar

The Gem & Jewellery Export Promotion Council (GJEPC), in collaboration with the Embassy of India in Guatemala, has launched a pioneering hybrid Buyer-Seller Meet (BSM) to bolster India's footprint in the Central American gems and jewellery market

The Indian International Jewellery Show (IIJS) Premiere has launched its innovative door-to-door campaign at Dubai's Deira Gold Souk, aiming to bolster ties with Middle Eastern jewellery retailers

The Gem and Jewellery Export Promotion Council (GJEPC) is set to organize a Latin American delegation visit from May 21st to May 29th, 2024