India's Gems and Jewellery Exports Rise
Above all, US tariff pressures are keeping exporters interested. Section 301 duties are squeezing retail margins and testing price competitiveness across Western consumer bases.
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Factors Driving Indian Gems and Jewellery Exports
The country’s dominance in diamond processing, along with its skilled and low-cost labour and supportive government trade policies, are the key factors driving Indian Gems and Jewellery exports. Additionally, there has been a gradual shift in global demand towards gold and affordable lab-grown diamonds.
In a nutshell, India is becoming a global processing hub for cutting and polishing diamonds. Most importantly, India cuts and polishes roughly 90% of all rough diamonds in the world. As a result, the country continues to play an important role in the global gems and jewellery industry.