ENA Global 2025-07-17 17:05:12 <p><span style="font-size:14px"><strong>New Delhi., Jul 17 (KNN)</strong> With the United States considering increased tariffs on Chinese-origin goods &mdash; including Indian jewellery items processed using Chinese raw materials &mdash; the Indian gems and jewellery industry is eyeing new export markets.</span></p> <p><span style="font-size:14px">The Middle East, particularly the UAE, is emerging as a strong alternative, thanks to the India-UAE Comprehensive Economic Partnership Agreement (CEPA).</span></p> <p><span style="font-size:14px">Surat, a major hub for diamond and gold jewellery manufacturing, is likely to be impacted if the US implements the proposed 50% tariff on such goods.</span></p> <p><span style="font-size:14px">The concern stems from the fact that many Indian jewellers import gold, diamonds, and other raw materials from China.</span></p> <p><span style="font-size:14px">Under US rules, goods that contain over 35% Chinese material fall under the category of Chinese-origin, regardless of where they are processed. This could significantly affect India's $9 billion jewellery exports to the US.</span></p> <p><span style="font-size:14px">Industry leaders are now shifting their focus to the Middle East to reduce dependence on the US market. Under CEPA, Indian exporters enjoy zero-duty access to the UAE, making it a lucrative option.</span></p> <p><span style="font-size:14px">Jewellery businesses in Gujarat are already expanding their market reach in Gulf countries and exploring new avenues in Saudi Arabia and Qatar.</span></p> <p><span style="font-size:14px">Meanwhile, industry experts have urged the Indian government to push for clearer guidelines under CEPA and offer policy support to help exporters deal with evolving global trade challenges.</span></p> <p><span style="font-size:14px">The Gems and Jewellery Export Promotion Council (GJEPC) is also advocating for more bilateral trade agreements to ensure long-term growth.</span></p> <p><span style="font-size:14px">The industry believes that diversifying markets will help cushion the impact of changing US trade policies and ensure continued global competitiveness.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 42850 https://knnindia.co.in/news/newsdetails/global/jewellery-sector-shifts-focus-to-middle-east-amid-rising-us-tariff-concerns 2025-07-17 17:05:12 knnindia.co.in