India-US Trade Deal: Jewellery Exports Set for Bumper 2026 After Tariff Cut

8. Gems, Jewellery, Toys and Sports Goods Benefit | Gems and jewellery, toys and sports goods will gain competitiveness, with EU tariffs of up to 4.7% removed. Though duties were already low, zero tariffs improve margins for exporters. (Image: Canva)

Commodities

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CNBC TV18•04-02-2026, 00:05

India-US Trade Deal: Jewellery Exports Set for Bumper 2026 After Tariff Cut

•India-US trade deal slashes tariffs on jewellery exports from 50% to 18%, boosting competitiveness.
•SEEPZ Chairman Adil Kotwal expects a "bumper year" in 2026, aiming to regain lost market share.
•Exports previously fell by 44% as business shifted to lower-tariff Asian competitors like Thailand and Vietnam.
•Low US retail inventory and India's strong manufacturing ecosystem are key drivers for recovery.
•Industry targets returning to $8 billion export levels, with gold price stability also crucial for growth.

Why It Matters: India's jewellery exports are poised for a significant rebound in 2026 due to reduced US tariffs.

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