The All India Gem and Jewellery Domestic Council (GJC) says the new U.S. tariff could impact India’s jewellery export competitiveness and urges swift diplomatic engagement.
The All India Gem and Jewellery Domestic Council (GJC) has expressed concern over the United States government’s decision to impose a 10% tariff on imports from India under Section 301, warning that the move could affect the competitiveness of India’s gem and jewellery exports in one of its most important overseas markets.
Responding to the latest development, Mr Rajesh Rokde, Chairman of GJC, said the tariff would place additional pressure on exporters despite being lower than the duties imposed on certain other countries.
“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.”
The industry body has called for early engagement between the Indian and U.S. governments to address the issue and minimise its impact on India’s jewellery export sector.
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