The recent imposition of steep tariffs by the Trump administration on diamonds imported from India has sent ripples across the US diamond jewellery sector. India being the primary supplier of polished diamonds to America, the world’s largest consumer market, the tariffs have caused supply chain disruptions, and are likely to lead to rising product costs. Prices are expected to go up, once the existing inventory depletes, unless a deal is reached between the US and India. Suneeta Kaul speaks with Paul Zimnisky, renowned diamond industry analyst, to gain insights into the fallout of the tariffs, and how they are reshaping buying behaviour and pricing strategies in the US.

GJEPC Chairman Kirit Bhansali highlights steady April–October export performance, seasonal October softness, policy-driven competitiveness, and the real context behind gold import trends, outlining a confident growth trajectory for India’s gem and jewellery sector.

Jennifer Lopez partners with Zen Diamond as its newest global ambassador, aligning her iconic glamour with the brand’s expanding international presence and its vision of modern elegance and empowerment.

Tanishq, the jewellery brand from the House of Tata, has unveiled its annual Festival of Diamonds 2025 – “Sparkle Your Way”, alongside the exclusive launch of its new Élan Collection, at Palladium Ahmedabad, Gujarat’s first luxury mall.

The global diamond and jewellery trade is rallying to secure an exemption from steep new US import duties that threaten to disrupt supply chains and drive up prices.

PNG Jewellers has strengthened its presence in Maharashtra with the launch of its second store in Nashik. The new 3,000 sq. ft. showroom on Sharanpur Road was inaugurated by brand ambassador Madhuri Dixit, marking another milestone in the jeweller’s expansion journey.

Sabyasachi Mukherjee, one of India’s most celebrated designers, is set to launch an exclusive digital fine jewellery boutique in collaboration with Tata CLiQ Luxury, marking a significant step in the brand’s e-commerce journey.

Kalyan Jewellers, one of India’s leading and most trusted jewellery brands, is set to open its newest showroom at Dogra Chowk, KC City Centre – Hotel Vivanta in Jammu.

BlueStone Jewellery and Lifestyle, the company behind the contemporary jewellery brand ‘BlueStone’, has secured over Rs. 693 crore from anchor investors, just days before its initial public offering (IPO) opens for subscription.

The Gem & Jewellery Export Promotion Council (GJEPC) met on Friday to address the sharp rise in US tariffs on Indian jewellery, which now stand at 25%–32%, threatening the export segment. Discussions covered the scale of the impact, the need to explore legal and operational intricacies, and long-term strategies to protect the sector.

Anmol Jewellers has announced the launch of Anmol Accents, a new line of everyday-luxury jewellery designed for the modern Indian woman.

Limelight Diamonds has opened its second exclusive store in Rajkot, strengthening its presence in Gujarat’s fast-growing market for sustainable luxury.

P. N. Gadgil & Sons has launched the 21st edition of its annual Mangalsutra Festival, coinciding with the auspicious month of Shravan

Gold prices advanced on Thursday as financial markets reacted to growing trade uncertainty ahead of new U.S. tariffs taking effect today, August 1.