Policies & IssuesJul 28, 2025
U.S.-EU Come to Agreement on Tariffs Policies & IssuesJul 30, 2025
Tariff on India Will Be 25%, Trump Says
The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.
President Donald Trump said Wednesday morning that the tariff on goods imported into the United States from India, the country that processes 90 percent of the world’s rough diamonds, will be 25 percent.
Washington, D.C.—The tariff on goods imported from India—where 90 percent of the world’s diamonds are cut and polished—to the United States will jump to 25 percent, President Donald Trump announced Wednesday morning.
Writing on his social media platform, Truth Social, Trump said, “Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country.”
The president added that India also will face a penalty for buying energy and military equipment from Russia “at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”
A tariff of 25 percent on Indian imports is slightly lower than the 26 percent Trump announced on “Liberation Day,” but is higher than what Indian officials were hoping could be negotiated in a trade deal.
The tax on Indian imports is set to kick in this Friday, Aug. 1, the new date Trump and other White House officials set earlier this month for implementation of the president’s higher “reciprocal” tariffs.
Related stories will be right here …
Writing on his social media platform, Truth Social, Trump said, “Remember, while India is our friend, we have, over the years, done relatively little business with them because their Tariffs are far too high, among the highest in the World, and they have the most strenuous and obnoxious non-monetary Trade Barriers of any Country.”
The president added that India also will face a penalty for buying energy and military equipment from Russia “at a time when everyone wants Russia to STOP THE KILLING IN UKRAINE.”
A tariff of 25 percent on Indian imports is slightly lower than the 26 percent Trump announced on “Liberation Day,” but is higher than what Indian officials were hoping could be negotiated in a trade deal.
The tax on Indian imports is set to kick in this Friday, Aug. 1, the new date Trump and other White House officials set earlier this month for implementation of the president’s higher “reciprocal” tariffs.
Since Trump first announced his intention to raise taxes on imports, leaders in the jewelry industry have been lobbying the U.S. government for an exemption for diamonds and gemstones, arguing that these natural resources cannot be sourced in the U.S.
On Wednesday morning, JA President and CEO David Bonaparte said members of JA’s political action committee, JAPAC, are scheduled to go to Washington, D.C., in mid-August to meet with top administration officials to discuss possible exemptions for diamonds, gemstones, and finished jewelry.
JAPAC also plans to bring a large contingent of jewelry industry leaders to D.C. on Sept. 17 as part of its annual fly-in.
In India, the country’s main trade organization, the Gem & Jewellery Export Promotion Council, has been leading lobbying efforts for exemptions that would aid the jewelry industry.
The organization could not immediately be reached for comment Wednesday morning on Trump’s 25 percent announcement.
The slate of tariffs Trump announced in April set the baseline for tariffs on all goods imported in the U.S. at 10 percent, and imposed steeper “reciprocal” tariffs on more than 50 countries, including a number that are key players in the jewelry supply chain.
A few hours after the tariffs went into effect on April 9, Trump announced a 90-day pause on their implementation, dropping the rate to 10 percent across the board.
In early July, shortly before the pause was set to expire, Trump and various administration officials announced that they would give countries a few more weeks to negotiate, and that higher tariffs would not take effect until Aug. 1.
More on Policies & Issues
The Latest
IndependentsSep 04, 2026
Orloff Jewelers Will Soon Unveil a Bigger, Better LocationThe California jeweler is renovating its store in Fresno, with plans to show off the new space in December.
CollectionsSep 04, 2026
Chelsea Gabrielle Transforms Pilates Reformer Springs Into Ring A lifelong practitioner of Pilates, Gabrielle looked to the springs’ tension and suspension when creating this ring, our Piece of the Week.
Events & AwardsSep 04, 2026
JCK Industry Fund Accepting 2027 ApplicationsThe deadline to apply is Nov. 13.
Brought to you by
Your Piece Could Be the One Editors Talk AboutSubmit your pieces for a chance to win in this year's competition.
AuctionsSep 04, 2026
Christie's Names New Global Head of WatchesThe auction house has promoted Remi Guillemin, formerly its head of watches for the Americas and EMEA, to the role.
Weekly QuizSep 03, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
EditorsSep 03, 2026
Q&A: Simon G.’s CEO on Why He Won’t Use AI for Jewelry DesignZaven Ghanimian discussed the value of human craftsmanship and where the implementation of artificial intelligence does work.
Events & AwardsSep 03, 2026
Here Are the First Recipients of Nina Pugliese Memorial Scholarship Jewelers of America also revealed the recipients of the Seymour & Evelyn Holtzman Bench Scholarship and its own scholarship programs.
Brought to you by
Why More Jewelry Retailers Are Hosting Turnkey Estate Buying EventsRetailers are seeking new ways to attract customers, increase traffic, and create revenue – Estate buying events are a popular solution.
WatchesSep 03, 2026
Robert Pattinson Joins Jaeger-LeCoultre as Brand AmbassadorThe British actor, known for his roles in “Twilight” and “The Odyssey,” will star in a campaign for the Master Control Chronometre.
CollectionsSep 03, 2026
Sydney Evan Celebrates 25 Years With 4 New CollectionsThe “Confetti Disco,” “Champagne Cheers,” “Tuxedo,” and “Classic Punk” jewelry collections each capture a distinct spirit of celebration.
CrimeSep 02, 2026
CA Jeweler Gets 5 Years in ‘Phantom Rolex’ Ponzi SchemeNelson Holdo of Newport Beach pleaded guilty to multiple counts of felony grand theft and writing bad checks and was sentenced Monday.
AuctionsSep 02, 2026
If You Love Cats, This Jewelry Auction Is for YouCat ladies of the jewelry world, unite. Sandy Lerner’s “significant” collection of cat jewelry and other objects is going up for auction.
MajorsSep 02, 2026
Messika Names Former Omega Exec as New President, CEO of AmericasArnaud Michon, the former Omega USA President, will now lead Messika’s Americas region during its international development.
Events & AwardsSep 02, 2026
Emerald’s New Owner Introduces ‘Glitter in the Grove’The branding references the back-to-back jewelry shows that new parent company Forge will host in Miami's Coconut Grove this November.
AuctionsSep 01, 2026
UK Woman Uncovers Rare Patek Philippe Watch in Mom’s Jewelry BoxThe stainless steel Patek Philippe “Calatrava” watch from the 1930s sold for nearly $80,000 at a recent Hansons Cornwall auction.
ColumnistsSep 01, 2026
Your Jewelry Marketing Has a Bridal ProblemEngagement rings are important but don’t ignore the customers who are buying jewelry “just because,” Emmanuel Raheb writes.
MajorsSep 01, 2026
Kering Names New Pomellato, DoDo CEOsFormer Pomellato CEO Sabina Belli has been named president of Kering Italia amid a shakeup of Kering's new Jewelry division.
MajorsSep 01, 2026
Anne Marie Shulman Joins GPA GlobalThe veteran luxury packaging executive was appointed to help the company grow its North American business.
CrimeAug 31, 2026
$4M Van Cleef & Arpels Diamond Necklace Snatched From Vienna Museum Once the property of an Egyptian queen, the necklace was part of a larger exhibition of VCA jewelry at the Museum of Applied Arts (MAK).
GradingAug 31, 2026
GIA, Gübelin Gem Lab Confirm New Paraíba Tourmaline Deposit in EthiopiaThe labs’ separate investigations each determined that the East African country is producing copper-bearing tourmaline.
Events & AwardsAug 31, 2026
Wisconsin Museum to Host Jewelry Exhibition“Chicago Collects: Jewelry in Perspective” at the Oshkosh Public Museum will feature works by Fabergé, Lalique, and Louis Comfort Tiffany.
CollectionsAug 31, 2026
Catbird Launches First Men’s Jewelry CollectionThe “Worn Well” collection is Catbird's take on classic men's jewelry.
CollectionsAug 28, 2026
Dolly Parton Would Have Loved This Butterfly Necklace This Buddha Mama butterfly is our Piece of the Week honoring the legend, who embraced the beautiful insect as her symbol.
SourcingAug 28, 2026
Gareth Penny to Give Opening Speech at CIBJO Centenary CongressThe former De Beers CEO, and perhaps its next owner, will be a featured speaker at the event, slated for Sept. 4-7 in Italy.
IndependentsAug 28, 2026
Day’s Jewelers Honored With 3 Workplace AwardsThe employee-owned jeweler was named a “Best Place to Work” in Maine, New Hampshire, and for women.
CollectionsAug 27, 2026
Pandora Expands ‘Talisman’ Collection as Lawsuit Continues The second iteration of the jewelry collection was inspired by the zodiac and the four elements: earth, water, air and fire.
SourcingAug 27, 2026
OFAC Renews License Allowing Import of ‘Grandfathered’ Russian Diamonds General License 104B supersedes General License 104A, which was set to expire on Sept. 1.
