‘This isn’t just a deal; it’s a lifeline for our exporters,’ said Dinesh Lakhani of Kiran Gems. He noted how US duties crippled 50%+ of India’s gems-jewelry exports destined for the States over the last year. Now, with tariffs reduced to zero, Indian products gain a competitive edge.

American retailers stand to benefit too, sourcing more from India at lower costs. Lakhani underscored India’s strategic trade expansions, including deals with the UK and EU, transforming it into a manufacturing powerhouse en route to 2047 goals. Projections show US-bound exports nearly doubling soon.

Jaipur’s Rajeev Jain, a veteran in the field and ex-GJEPC chairman, echoed the sentiment. ‘We’ve faced brutal high duties before; this relief is huge. Gratitude to PM Modi and the government for prioritizing exporters.’ The US continues dominating as India’s largest gems market.

As the deal takes effect, stakeholders anticipate ripple effects: job creation, supply chain strengthening, and elevated global standing. This pact signals India’s assertive role in reshaping international trade dynamics.