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.
Editors' Picks
Sponsored by
More on Policies & Issues
The Latest
SurveysOct 09, 2026
These Will Be the 10 Busiest Days for In-Store Shopping This Holiday SeasonStores should expect to see the most customers on Nov. 27, and Christmas week is expected to be hectic too, as Dec. 25 falls on a Friday.
CollectionsOct 09, 2026
Elisa Solomon Collabs With Serendipity 3 on ‘Frozen Hot Chocolate’ CharmThe charm, our Piece of the Week, features brown diamond frozen hot chocolate topped with white diamond whipped cream and a ruby straw.
AuctionsOct 09, 2026
8-Carat Blue Diamond Goes Unsold at UK Jewelry Auction The top lot of Elmwood’s recent fine jewelry sale in London was a 1.84-carat, D color Tiffany & Co. solitaire diamond ring.
Brought to you by
Meet Gemology’s Next Generation Microscope: GIA® Gemolite® NXT Professional EditionExperience gemstones with greater precision and comfort than ever before.
WatchesOct 09, 2026
Movado to Sell Majority Stake in Ebel for $66.5MThe watch company agreed to sell a 95 percent interest to a group comprised of F.P. Journe, Chanel, and Swiss watch exec Pierre Jacques.
Weekly QuizOct 08, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
CollectionsOct 08, 2026
Brent Neale’s New Collection Goes ‘Back to Basics’It revisits the brand’s most requested silhouettes, from "Pillow"-set necklaces and bracelets to "Signature"-set rings and earrings.
SourcingOct 08, 2026
Ethical Gem Fair Heads Back to BrooklynThe trade-only event includes buying opportunities as well as educational sessions on artisanal mining, the new Paraíba source, and more.
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.
Events & AwardsOct 08, 2026
Pattons Fine Jewelry Sweeps Local Design ContestAra Chanakian, a jeweler at Pattons, took home top honors in every category at Jewelers of Louisiana’s annual jewelry design competition.
AuctionsOct 08, 2026
Reba McEntire’s Jewelry, Watches Head to Julien’s AuctionsThe live charity benefit sale in Nashville will also feature gowns, boots, and other memorabilia from the country music legend.
Supplier BulletinOct 08, 2026
Overnight Mountings’ Bridal Builder Helps Jewelers Turn Custom Design into a Hands-On Selling ExperienceSponsored by Overnight Mountings
CollectionsOct 07, 2026
Blue Nile, Royal Asscher Collection Highlights Natural Diamond BeautyBlue Nile, a Signet Jewelers-owned brand, is now Royal Asscher’s exclusive licensed retailer in North America.
CollectionsOct 07, 2026
4 Standout Pieces in Audemars Piguet’s First High Jewelry Collection “Royal Oak” pays homage to the brand’s most popular watch model using 18-karat gold as well as diamonds, emeralds, and sapphires.
MajorsOct 07, 2026
Empire Safe & Vault Promotes Juan Morales to CEOAs part of the transition, Joseph Nicosia has stepped into the role of COO.
SourcingOct 07, 2026
AGTA Extends Deadline for 2026 Spectrum Awards EntriesParticipants now have until Oct. 14 to complete their submissions.
CrimeOct 06, 2026
6 Charged in Connection to String of New Jersey Smash-and-GrabsThe alleged thieves used crow bars and sledgehammers to smash into jewelry stores across the state.
ColumnistsOct 06, 2026
Sherry Smith: Is the Consumer Really Trading Up?Ahead of the holidays, Smith urges jewelers to take a hard look at who’s buying jewelry, what they’re purchasing, and who’s stopped buying.
SourcingOct 06, 2026
DDG Taps Influencers for ‘My Diamond Does Good’ CampaignIn the new consumer-facing campaign, four fashion and lifestyle creators share the stories behind their natural diamond pieces.
MajorsOct 06, 2026
Frederick Goldman Names COO, CMOFGI President John Orrico is also leaving the company after more than 13 years.
Events & AwardsOct 06, 2026
JIS Fall Returns to MiamiThe 2026 edition will feature presentations on alternative materials and design trends, as well as pop-up activations on the show floor.
SourcingOct 05, 2026
De Beers to Take Full Ownership of Gahcho KuéIt is the last fully operational diamond mine in Canada following the recent closures of Ekati and Diavik.
AuctionsOct 05, 2026
The Star Cats of the Sandy Lerner AuctionThese jewels stood out at Bonhams’ sale of the cat-loving tech entrepreneur’s collection of objects depicting the feline form.
CollectionsOct 05, 2026
Sorellina Writes Another Love Letter for ‘Postscript’ CollectionThe fine jewelry brand has expanded the collection that debuted at Couture with four new designs based on its most popular styles.
SourcingOct 05, 2026
Bruce Bridges Joins CIBJO BoardThe AGTA president was elected for a two-year term on the board of directors.
SourcingOct 02, 2026
De Beers, National Geographic Society Renew Okavango Eternal Partnership The partnership, a pledge to protect Africa’s Okavango River Basin, has been extended for an additional five years.
MajorsOct 02, 2026
Pandora Opens New $150M Manufacturing Facility in VietnamThe new facility, its first outside of Thailand, will boost its manufacturing capacity by 50 percent.
TrendsOct 02, 2026
Hearts On Fire Celebrates 30th Anniversary With Heart PendantThe special-edition “Dream” pendant, our Piece of the Week, was created to mark Hearts On Fire’s 30-year milestone with 30 diamonds.
