Policies & IssuesJul 20, 2026
Tariffs on Brazil to Increase But Rough Gemstones ExemptPolicies & IssuesJul 22, 2026
Trump to Put 50% Tariff on Canadian Goods
The higher tax is set to go into effect in August and will apply to loose polished diamonds as well as precious and base metals jewelry.
President Donald Trump announced a new 50 percent tariff on imports from Canada that includes loose polished diamonds. The administration said the new taxes are being levied in response to Canada’s decision to place a quota on imports of U.S.-made cheese and automobiles, and the decision by all but two Canadian provinces and territories to pull U.S.-made alcohol from store shelves.
Washington, D.C.—President Donald Trump announced a planned 50 percent tariff on a wide range of Canadian goods in retaliation for what he described as the country’s “discrimination” against American dairy products, alcohol, and automobiles.
The new tariffs, which will not go into effect until mid-August, come amid talks to update the United States-Mexico-Canada Agreement (USMCA).
The president issued three separate proclamations Monday imposing the tax on imports in three categories: dairy, alcoholic beverages, and motor vehicles.
Attached to the president’s proclamation on motor vehicles is an annex containing a long list of products that will be subject to the tariff starting next month.
Among them are: loose polished diamonds (HTS Code 7102.39.00); semi-manufactured .995 silver, including silver plated with gold or platinum (HTS Code 7106.92.10); silver jewelry or parts valued at more than $18 per dozen pieces or parts (HTS Code 7113.11.50); gold necklaces and neck chains, excluding rope and mixed-link chains (HTS Code 7113.19.29); precious metal jewelry that is not silver, including plated jewelry (HTS Code 7113.19.50); and base metal jewelry (HTS Code 7117.19.90).
Notably, the annex does not include rough diamonds, so any diamonds exported from Canada for cutting in another country, like India, ultimately would be considered a product of the country where they are cut and polished and taxed accordingly.
In a member alert sent Tuesday, the Jewelers Vigilance Committee noted that the new tariffs apply to the above-listed products even if they would qualify for duty-free treatment under the USMCA and will be applied on top of any other tariff levied on Canadian goods.
The White House said in a fact sheet that the 50 percent tariffs are set to go into effect 30 days after signing, which would be Aug. 19.
Up-to-date information on current tariff rates is available via the JVC’s Tariff Tracker.
Related stories will be right here …
The new tariffs, which will not go into effect until mid-August, come amid talks to update the United States-Mexico-Canada Agreement (USMCA).
The president issued three separate proclamations Monday imposing the tax on imports in three categories: dairy, alcoholic beverages, and motor vehicles.
Attached to the president’s proclamation on motor vehicles is an annex containing a long list of products that will be subject to the tariff starting next month.
Among them are: loose polished diamonds (HTS Code 7102.39.00); semi-manufactured .995 silver, including silver plated with gold or platinum (HTS Code 7106.92.10); silver jewelry or parts valued at more than $18 per dozen pieces or parts (HTS Code 7113.11.50); gold necklaces and neck chains, excluding rope and mixed-link chains (HTS Code 7113.19.29); precious metal jewelry that is not silver, including plated jewelry (HTS Code 7113.19.50); and base metal jewelry (HTS Code 7117.19.90).
Notably, the annex does not include rough diamonds, so any diamonds exported from Canada for cutting in another country, like India, ultimately would be considered a product of the country where they are cut and polished and taxed accordingly.
In a member alert sent Tuesday, the Jewelers Vigilance Committee noted that the new tariffs apply to the above-listed products even if they would qualify for duty-free treatment under the USMCA and will be applied on top of any other tariff levied on Canadian goods.
The White House said in a fact sheet that the 50 percent tariffs are set to go into effect 30 days after signing, which would be Aug. 19.
Up-to-date information on current tariff rates is available via the JVC’s Tariff Tracker.
The Canadian tariffs are being enacted under section 338 of the Tariff Act of 1930, also known as the Hawley-Smoot Tariff.
The statute allows the president to impose tariffs when a country “disadvantages U.S. exporters relative to the exports of another country to offset the disadvantage or burden on U.S. commerce.”
It is one of two tariffs acts the Trump administration has turned to following the Supreme Court’s February ruling striking down the import taxes he enacted under the International Economic Emergency Powers Act last year.
Immediately following the Supreme Court’s ruling, the Trump administration imposed a temporary 10 percent across-the-board tariff utilizing section 122 of the Trade Act of 1974.
Those tariffs are set to expire this coming Friday, July 24.
Earlier this month, the Office of the United States Trade Representative (USTR) filed a notice that tariffs on Brazil would increase to 25 percent, effective today, under section 301 of the Trade Act of 1974.
Rough gemstones exported from Brazil for cutting in other countries are exempt from the new tariff, but polished gemstones and finished jewelry are not.
Tariffs on 60 countries ranging from 10 to 12.5 percent also are set to go into effect following a USTR investigation that determined the countries do not do enough to prevent goods made using forced labor from being imported into their countries.
The Trump administration also is imposing these tariffs under section 301 of the Trade Act of 1974; an implementation date has yet to be announced.
There is another section 301 investigation into what the Trump administration alleges is “overproduction” by 16 countries, including India, China, Thailand, the European Union and Switzerland, though a trade attorney told the Los Angeles Times that any tariffs that result from that investigation likely won’t take effect until after the midterm elections.
“President Trump has stated that tariffs are here to stay,” Jewelers of America President and CEO David Bonaparte said Tuesday.
“Jewelers of America continues to appeal to the administration to consider exemptions for specific HS codes related to diamonds, gemstones, and pearls.”
Editors' Picks
Sponsored by
More on Policies & Issues
The Latest
CollectionsJul 22, 2026
Monica Rich Kosann’s High Jewelry Is FruitfulThe “Enchanted Garden” series features a cherry, lemon, and pear that each hold a little secret inside.
IndependentsJul 22, 2026
Liljenquist Beckstead Opens Rolex New BoutiqueIt’s located in Tysons Galleria, an upscale shopping center in the Washington, D.C., metro area.
Events & AwardsJul 22, 2026
NY Now Returns in August Under New OwnershipThe show, recently acquired by Rockview Management Group, will be held at New York City’s Javits Center from Aug. 2-4.
Brought to you by
Wedding Band Trends 2026: Personalization Takes Center StageColored gemstones, artisan finishes, mixed metals, and meaningful details are shaping demand in bridal jewelry.
ColumnistsJul 21, 2026
Sherry Smith: Shattering the Illusion of the ‘Either/Or’ Diamond MarketSmith offers retailers guidance on creating an environment where natural and lab-grown diamonds can both thrive.
Weekly QuizJul 17, 2026
This Week’s QuizTest your jewelry news knowledge by answering these questions.
Events & AwardsJul 21, 2026
Apollo Funds Completes Emerald AcquisitionFormer Emerald President and CEO Hervé Sedky has transitioned to the role of senior advisor.
CollectionsJul 21, 2026
Graff’s New Butterfly High Jewelry Brooches MetamorphosizeThe 12-piece capsule collection transforms from brooches to pendants.
Brought to you by
Building the Future of Jewelry Retail: DCA Expands Education, Leadership Development, and Workforce SolutionsDCA is preparing the next generation of professionals by supporting workforce development, leadership growth, and career advancement.
SourcingJul 21, 2026
Anglo Reportedly Selects Gareth Penny’s Consortium as Top Bidder for De BeersA Botswana government official told lawmakers Anglo has selected The Global Diamond Consortium, an entity chaired by Penny, to buy De Beers.
CollectionsJul 20, 2026
Vhernier Transforms ‘Freccia’ Collection Into High JewelryThe collection from 2014 has been reinterpreted into high jewelry with its signature triangular-shaped elements.
MajorsJul 20, 2026
Krista Collins Walters Promoted to Publisher of InstoreShe will also take on the role of vice president of jewelry for SmartWork Media, a newly created position.
Events & AwardsJul 20, 2026
TJS Accepting Speaker Proposals for 2027 EventOrganizers are looking for presentations on topics like manufacturing, technology and research, bench work, gemstones, and sustainability.
CollectionsJul 17, 2026
HOWL Taps Shailene Woodley for ‘Home Sweet Home’ CampaignWoodley is seen in the campaign wearing our Piece of the Week, the “Frida” collar featuring 13 pieces of hand-carved Venetian glass.
SourcingJul 17, 2026
U.K. Woman Pays £5 for £15K Diamond Ring at Car Boot SaleA WeBuyVintage jewelry expert uncovered how much the flea market find was actually worth.
SourcingJul 17, 2026
Diamond Dealer Jeff Pancis Pens MemoirThe founder of natural colored diamond wholesaler Pancis Gems shares stories from his five decades in the industry.
Events & AwardsJul 17, 2026
Gem Awards Opens 2027 Nomination PeriodSubmissions for the milestone 25th annual Gem Awards will be accepted across three categories from now through July 31.
EditorsJul 16, 2026
Q&A: Guzema’s Co-Owners On Its US Expansion, 10-Year AnniversaryValeriya Guzema and Mariana Lenha look back on the last decade and discuss the Ukrainian brand’s first U.S. store.
SourcingJul 16, 2026
Ekati to Close, Leaving Canada With One Diamond Mine The diamond mine, which opened nearly 30 years ago in Canada’s Northwest Territories, is expected to shut down by mid-August.
FinancialsJul 16, 2026
Richemont’s Jewelry Sales Soar for the Seventh Quarter in a RowJewelry sales for the company, which owns Cartier, Van Cleef & Arpels, Vhernier, and Buccellati, rose 21 percent in the first quarter.
Events & AwardsJul 16, 2026
MJSA Mentor & Apprenticeship Program Certifies First Advanced Apprentice GraduateThe graduate, Grace Barden, credited the program with helping her secure a job as a bench jeweler.
Events & AwardsJul 16, 2026
Jewelers of Louisiana to Host 80th ConventionThe event, scheduled for next month in New Orleans, will include dinner, a custom jewelry design contest, and education sessions.
SourcingJul 15, 2026
1,305-Carat Diamond Recovered from Mine in BotswanaThe yet-to-be named stone is the 10th diamond weighing more than 1,000 carats to come out of Lucara’s Karowe mine.
IndependentsJul 15, 2026
New Jersey Jeweler Barry Berman Dies at 81The founder of Fords Jewelers, Berman is remembered for his love of connecting with his community.
FinancialsJul 15, 2026
Watches of Switzerland’s US Sales Jump 18%, Declines to Comment on Sale Report The watch and jewelry retailer had a strong fiscal year despite what its CEO described as a “complex operating backdrop.”
Events & AwardsJul 15, 2026
Hamptons Jewelry Show to Return in JulyThe open-to-the-public luxury jewelry and timepiece show, in its second year, is slated for July 23-26.
CollectionsJul 15, 2026
Pomellato’s New High Jewelry Is LiberatingBold color, expressive gem-setting, and sculptural form define the three chapters that make up “Stile Libero.”
IndependentsJul 14, 2026
Foundrae Opens First Standalone Store Outside USThe New York-based jewelry brand has expanded overseas, opening a store in London’s Mayfair district.
