Trump’s tariff hike threatens India’s $11 bn gems & jewellery exports

In FY 2023-2024, India exported gems and jewellery worth $32.85 billion globally, with the US accounting for $9.95 billion or 30.

28%. In calendar year 2024, India accounted for $11.58 billion or 12.



99% of America’s total gem and jewellery imports worth $89.12 billion..