【Jaipur, Indi】India-US Trade Deal a Boon for Gems and Jewelry Sector

by

Editor’s Note

Industry experts in Jaipur forecast a transformative shift for India’s gems and jewelry sector under a potential US trade deal, predicting a major export surge with tariff-free access.

None
Experts See Revolutionary Impact

Experts from Jaipur’s gems and jewelry industry believe the India-US trade deal will prove revolutionary for the sector. Zero tariffs could multiply Indian exports to the American market.

Market Opens, Challenging Rivals

Krishna Bihari Goyal, CMD of Dwarika Gems Limited, explained that business had stalled due to the previous 50% US tariff, especially affecting MSMEs. Now, this market has fully opened, which will pose a stiff challenge to rivals like China and Thailand.

Boost to Forex and Economy
“This sector is a major source of the country’s foreign exchange. Increasing exports will boost the entire economy. All traders, big and small, will benefit immensely.”
Special Benefit for Cutting and Polishing

Avinash Gupta of the All India Gem and Jewelry Domestic Council emphasized that the cutting and polishing industry will gain special benefits.

“Past losses will be recovered within two years, and profits will be much higher than that.”
Resumption of Stalled Trade

Dinesh Lakhani of Kiran Gems stated that over 50% of India’s exports go to the US. Trade stalled by high tariffs will now get back on track.

“American jewelers can now freely purchase Indian products.”

This deal will take the sector to new heights, positioning India as a leader in the global gem trade.

Full article: View original |
⏰ Published on: February 09, 2026