Gems and jewellery exports fall to five-year low on U.S. tariffs
The Hindu·2h ago·Neutral
What Happened
India's gems and jewellery exports fell 3.3% to $27.72 billion in fiscal year 2025/26, the lowest in five years. Shipments to the United States, the largest buyer, nearly halved due to tariffs and duties. The Gem and Jewellery Export Promotion Council reported the decline on April 15, 2026. This marks the weakest performance since pandemic-affected 2020/21.
Key Entities
IndiaGems and Jewellery Export Promotion Council (GJEPC)United StatesUS Tariffs$27.72 billionFiscal Year 2025/26