The U.S. administration recently announced a temporary suspension of the 26% reciprocal tariff on Indian gem and jewellery exports to the United States. The implementation of the 26% tariff, initially set for 9th April, 2025, has been pushed back to 9th July, 2025. This decision follows an executive order by the United States Trade Representative (USTR) dated 10th April, 2025.
Until 9th July, a modified tariff structure will be in effect. This includes the Most Favored Nation (MFN) duty rate along with an additional 10% ad valorem duty on all gem and jewellery products imported into the U.S. from India.
Applicable Tariffs in USA on the imports of Gem and Jewellery Products from India
| Applicable Tariffs in USA on the imports of Gem and Jewellery Products from India Key commodities | MFN duty applicable in USA for India
(A) |
Base Line duty of 10% w.e.f 5th April 2025
(B) |
Total Applicable tariffs from
10th April to 8th July 2025 C=A+B |
| Cut and Polished Diamonds | NIL | 10% | 10% |
| Gold Jewellery | 5% – 7% | 10% | 15% -17% |
| Platinum Jewellery | 5%-7% | 10% | 15% -17% |
| Silver Jewellery | 5%-13.5% | 10% | 15% – 23.5% |
| Articles of Silver | 2.7% – 3.5% | 10% | 12.7% – 13.5% |
| Articles of Gold | 3% – 7.9% | 10% | 13% – 17.9% |
| Worked Coloured Gemstones | NIL | 10% | 10% |
| Polished Lab Grown Diamonds | NIL | 10% | 10% |
| Pearls | NIl | 10% | 10% |
| Imitation Jewellery | Nil – 11% | 10% | 10% – 21% |
Source: Harmonised Tariff Schedule 2025 HTS Revision 9, USITC (United States International Trade Commission) & Executive Order dated 9th April 2025 and Detailed Modified Tariffs Applicable for India’s Exports of Gem and Jewellery Products