The imposition of a 25% tariff on Indian gold jewellery exports, already in effect, and the additional 25% set to be enforced from August 27th, represents a compounded blow to the sector. This steep escalation not only renders our products significantly less competitive in the U.S. market, but more critically, it jeopardises the livelihoods of thousands of skilled artisans who depend on export demand for their survival.
These craftsmen many from marginalised communities are the backbone of India’s jewellery ecosystem, preserving centuries-old techniques through small workshops and family-run enterprises. A cumulative 50% tariff threatens widespread job losses, destabilises local economies, and risks eroding a rich cultural heritage. We urge the government to act swiftly and engage in trade negotiations that protect these livelihoods and uphold India’s global leadership in handcrafted jewellery.
The 25% tariff on Indian gold jewellery exports already in effect with an additional 25% set to begin on 27th Aug
ust, delivers a compounded blow to the sector. It makes our products less competitive in the U.S. market and jeopardizes the livelihoods of thousands of skilled artisans, many from marginalized communities, who sustain India’s centuries-old jewellery craftsmanship through small workshops and family enterprises.
This tariff shock is also pressuring the Indian Rupee, likely making gold costlier for domestic consumers and dampening demand within India further straining the industry. We urge the government to act swiftly and engage in trade negotiations to protect jobs, stabilize currency impact, and preserve India’s global leadership in handcrafted jewellery.
