The jewellery industry is buzzing after the United States announced new tariffs on jewellery imports in 2025. While the move directly targets imports into the US, its ripple effects will be felt in global markets — including India.
If you’re an Indian buyer or jeweller, you may be wondering:
Will this make gold and diamond jewellery more expensive here?
Let’s break it down.
💎 1. How USA Tariffs Work — And Why India Should Care
When the US increases tariffs on imported jewellery, overseas sellers face higher costs to enter the US market. This can:
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Push international brands to raise prices
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Reduce exports from certain countries
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Shift sourcing strategies to countries with lower tariffs
India is a major exporter of both natural and lab-grown diamonds to the US. Changes in demand from American buyers can influence how much product remains in the Indian market — potentially affecting domestic prices.
📊 2. Impact on Gold Jewellery in India
Gold prices in India are primarily influenced by:
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Global gold rates
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Rupee–USD exchange rate
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Domestic demand
If US tariffs reduce American jewellery imports, some gold jewellery meant for export could stay in India, slightly increasing supply. However, global gold prices may still rise due to overall market uncertainty — which could keep retail gold jewellery prices stable or higher.
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💍 3. Impact on Diamond Jewellery in India
The US is one of the largest markets for Indian diamond jewellery.
If US buyers slow down due to higher tariffs:
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More inventory stays in India — which could benefit Indian buyers with better availability
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Brands may run domestic promotions to move stock locally
For natural diamonds, global price drops in 2023–24 already changed buying trends. With tariffs adding uncertainty, Indian buyers may see better deals on natural diamond jewellery in the short term.
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🌱 4. Lab-Grown Diamonds Could Gain an Edge
Lab-grown diamonds — especially CVD diamonds made in India — may be less affected by tariff shocks.
Why?
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They already cost 40–70% less than natural diamonds
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India is a leading producer, so local supply remains strong
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They appeal to price-conscious and ethical buyers
With US tariffs pushing up certain imported diamond prices, lab-grown diamonds could become even more attractive in India.
✅ Shop lab-grown diamond jewellery online
🛒 5. What Smart Indian Buyers Should Do Now
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Watch gold prices — if global rates dip, it’s a good time to buy
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Consider lab-grown diamonds for better value and design freedom
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Shop online from trusted Indian jewellers to get competitive rates without international markups
🎯 Final Word
The new US tariffs are a reminder that jewellery prices are shaped by global factors — but Indian buyers can still shop smart. By choosing local, certified, and lab-grown options, you can enjoy luxury jewellery without being caught in price hikes.
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