The gems and jewelry fraternity in India is buzzing with optimism following the India-US trade accord, viewed as a strategic masterstroke opening floodgates to premium US demand. From tariff relief to doubled exports, the positives are stacking up.
Kiran Gems’ Dinesh Lakhani painted an upbeat picture. ‘High US tariffs crushed our 50%-plus exports to them last year. Zero duties now mean big buys from US chains,’ he said, stressing wins for bilateral economies.
This fits India’s broader trade renaissance—deals with UK, EU strengthening its manufacturing footprint toward 2047. US shipments could double in short order, Lakhani predicted.
Jaipur voice Rajeev Jain, Sambhav Gems head and past GJEPC leader, was effusive. ‘Top market relief after tough duties. PM Modi deserves credit for this exporter boon.’
Beyond immediate gains, the deal fosters innovation, jobs, and supply resilience. As India cements trade ties, the gems sector emerges stronger, ready to capture more global share in a recovering economy.