Gems and jewellery exports fall to five-year low on U.S. tariffs

Gems and jewellery exports successful the 2025/26 fiscal twelvemonth ​dipped 3.3% from a twelvemonth earlier to their ‌lowest level successful 5 years, arsenic ​shipments to the apical buyer, the ⁠U.S., astir halved, a starring commercialized assemblage said connected Wednesday (April 15, 2026), reflecting the interaction of tariffs and ‌duties.

Gem and jewellery exports successful the twelvemonth to the extremity ‌of March fell to $27.72 billion, the lowest ‌since ⁠2020/21, erstwhile pandemic-led lockdowns disrupted trade, ⁠and down from $28.7 cardinal successful the erstwhile year, the Gem and Jewellery Export Promotion Council (GJEPC) said successful a ​statement.