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Gems & Jewellery Exports: US President Donald Trump’s threat to impose tariffs on import has affected India’s James and Jewelery Export. James and Jewelery Export of India has seen a decline in January 2025 due to global uncertainty arising out of Trump’s threat. According to the data released by GJEPC, India has exported a total of Rs 19302.280 crore in January, which is 7.01 percent less than Rs 19996.66 crore in the same month as the last year.
James and Jewelery Export Promotion Council (GEMS and Jewelry Export Promotion Council) released the data of India’s jewelery exports stating that the import of James & Jewelery in January 2025 has been Rs 12269.41 crore, which is close to 38 per cent in January 2024, which is close to 38 per cent of the January 2024. When India imported Rs 19008.4 crore. The reason for this can cause a decrease in demand due to the end of weddings. But these figures also reflect India’s growing self -sufficiency in the James and Jewelery Industry, in which domestic demand is fulfilling domestic jewelery manufacturing companies, so that foreign James and Jewelery players are not dependent on.
Commenting on the decline in James and Jewelery Export, Cama Jewelery MD Colin Shah said, “The effect of advancing the aggressively large -scale tariff increase after Trump’s return to power is visible on global business activities.” He said, we are monitoring the tariff stance of Trump, which will decide how the global market will move forward in these times. However, after the situation is clear about this, there can be a gradual improvement in business activities in the coming months.
The reduction in James and Jewelery Export has affected India’s export. In January 2025, there has been a decline in the export of Goods for the third consecutive month, due to which the trade deficit has increased.
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