Mumbai: The United States (US) has maintained a 10% additional tariff on Indian gem and jewellery (G&J) exports under a permanent Section 301 regime, which replaced the previous temporary Section 122 surcharge on July 24, 2026. This duty applies to natural diamonds, lab-grown diamonds, coloured gemstones, and finished jewellery, impacting India’s primary overseas market.

Expressing his dissatisfaction on the move, Mr. Rajesh Rokde, Chairman of All India Gem and Jewellery Domestic Council (GJC) said, “The U.S. government’s decision to impose a 10% tariff on imports from India under Section 301 will undoubtedly create challenges for our gem and jewellery exporters, making Indian products less price competitive in one of our largest markets. While the rate is lower than that imposed on some other countries, this measure still places significant pressure on margins and could dent the growth trajectory of our industry. As Chairman of GJC, I urge the Government of India to engage with U.S. authorities at the earliest to resolve this issue and seek relief or exemptions. Protecting the competitiveness of Indian jewellery exports is vital to sustaining livelihoods and reinforcing India’s position as a trusted global leader in gems and jewellery.”