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
IndependentsFeb 24, 2026
Sherry Smith Now Principal Partner at The Retail SmithsThe industry veteran, who was with The Edge Retail Academy for 14 years, joins her husband at the company he founded in 2022.
IndependentsFeb 24, 2026
Yafa Signed Jewels to Open Store in MiamiThe vintage signed jewelry retailer chose Miami due to growing client demand in the city and the greater Latin American region.
WatchesFeb 24, 2026
Chrono24 Names New VP, U.S. General ManagerFormer Flight Club executive Jin Lee will bring his experience from the sneaker world to the pre-owned watch marketplace.
Brought to you by
DCA Enters a New Chapter in Jewelry EducationWith refreshed branding, a new website, updated courses, and a pathway for growth, DCA is dedicated to supporting retail staff development.
SourcingFeb 23, 2026
Designer Eddie Sakamoto, a Humble Artist, Dies at 72Sakamoto, who died in mid-January following a sudden illness, is remembered for his humility and his masterful, architectural designs.
Weekly QuizFeb 19, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsFeb 23, 2026
NYCJAOS Announces Four-Day Spring ShowThe April event will feature a new VIP shopping day requiring a special ticket.
TrendsFeb 23, 2026
Dua Lipa Is Bulgari’s New AmbassadorBulgari chose the British-Albanian singer-songwriter for her powerful and enduring voice in contemporary culture, the jeweler said.
Brought to you by
The MJSA Mentor & Apprenticeship Program: Attracting & Training the Next Generation of Bench JewelersLaunched in 2023, the program will help the passing of knowledge between generations and alleviate the shortage of bench jewelers.
ColumnistsFeb 20, 2026
Peter Smith: Happiness, Cavemen, and Jewelry SalesSmith encourages salespeople to ask customers questions that elicit the release of oxytocin, the brain’s “feel-good” chemical.
MajorsFeb 20, 2026
Jewelers Vigilance Committee Names Julie Yoakum Board ChairJVC also announced the election of five new board members.
CollectionsFeb 20, 2026
Boucheron’s ‘Faisceaux’ Brooch Heads to V&A MuseumThe brooch, our Piece of the Week, shows the chromatic spectrum through a holographic coating on rock crystal.
IndependentsFeb 19, 2026
Bailey’s Fine Jewelry Co-Founder ‘Mama Ann’ Bailey Dies at 100Raised in an orphanage, Bailey was 18 when she met her husband, Clyde. They opened their North Carolina jewelry store in 1948.
IndependentsFeb 19, 2026
Material Good Opens Third Location Material Good is celebrating its 10th anniversary as it opens its new store in the Back Bay neighborhood of Boston.
Events & AwardsFeb 19, 2026
The Original Miami Beach Antique Show Returns in MarchThe show will be held March 26-30 at the Miami Beach Convention Center.
AuctionsFeb 18, 2026
Joanna Carson’s Jewels Head to AuctionThe estate of the model, philanthropist, and ex-wife of Johnny Carson has signed statement jewels up for sale at John Moran Auctioneers.
PodcastsFeb 18, 2026
Episode 2: Jewelry Trends & Does the Red Carpet Matter?Are arm bands poised to make a comeback? Has red-carpet jewelry become boring? Find out on the second episode of the “My Next Question” podcast.
MajorsFeb 18, 2026
Select Jewelry Inks Agreement to Distribute Lightweight Gold JewelryIt will lead distribution in North America for Graziella Braccialini's new gold pieces, which it said are 50 percent lighter.
Policies & IssuesFeb 18, 2026
Community for Ethical Jewelry Looks for Executive DirectorThe organization is seeking a new executive director to lead it into its next phase of strategic growth and industry influence.
Events & AwardsFeb 18, 2026
DCA to Host Gemstone Selling Education Session at IJO EventThe nonprofit will present a live, two-hour introductory course on building confidence when selling colored gemstones.
TrendsFeb 17, 2026
A Bit of Jewelry for the Year of the HorseWestern wear continues to trend in the Year of the Fire Horse and along with it, horse and horseshoe motifs in jewelry.
SourcingFeb 17, 2026
Colored Gemstone Experts Talk Tariffs, Trends in TucsonAlthough the market is robust, tariffs and precious metal prices are impacting the industry, Stuart Robertson and Brecken Branstrator said.
GradingFeb 17, 2026
Dr. George Rossman, Former GIA Governor, Dies at 81Rossman, who advised GIA for more than 50 years, is remembered for his passion and dedication to the field of gemology.
CrimeFeb 13, 2026
JSA Offering $10K Reward in Nancy Guthrie Case Guthrie, the mother of “Today” show host Savannah Guthrie, was abducted just as the Tucson gem shows were starting.
IndependentsFeb 13, 2026
97-Year-Old New Mexico Jewelry Store To CloseButterfield Jewelers in Albuquerque, New Mexico, is preparing to close as members of the Butterfield family head into retirement.
CollectionsFeb 13, 2026
A ‘Rosebud’ Necklace for Valentine’s DayPaul Morelli’s “Rosebud” necklace, our Piece of the Week, uses 18-karat rose, green, and white gold to turn the symbol of love into jewelry.
MajorsFeb 13, 2026
JFC Announces New BeneficiariesThe nonprofit has welcomed four new grantees for 2026.
MajorsFeb 12, 2026
These 8 Saks Fifth Avenue Stores Are ClosingParent company Saks Global is also closing nearly all Saks Off 5th locations, a Neiman Marcus store, and 14 personal styling suites.
