The Commerce Ministry is urging exporters to use tariff preferences in trade deals with the UK, UAE, Australia and EFTA markets to expand overseas sales of emerging and traditional jewellery.
India is seeking to widen overseas sales of lab-grown diamonds, coloured gemstones and heritage jewellery by using tariff breaks available under its free trade agreements, according to the Commerce Ministry. The push was set out at an outreach event in Jaipur, where officials outlined how exporters can use India’s trade pacts to reach new markets and sharpen their international competitiveness.
The ministry said India is the world’s eighth-largest gems and jewellery exporter, with the sector accounting for 2.9% of the estimated $1tn global market. A presentation by Md Moin Afaque, joint director general of foreign trade in Jaipur, pointed to opportunities in lab-grown diamond jewellery, coloured gemstones, Kundan-Meenakari heritage pieces, smart and wearable jewellery, recycled gold jewellery and pearls.
Officials also highlighted the potential for duty-free access in markets covered by India’s newer trade deals, including agreements with the United Arab Emirates, Australia, the European Free Trade Association countries and the United Kingdom, subject to the provisions of each pact and their implementation. The ministry said the programme was designed to help businesses identify export-ready products, understand tariff preferences and rules of origin, meet quality and certification standards, and build links with foreign buyers. Mohit Yadav, a joint secretary in the Commerce Ministry, addressed the event, which brought together exporters, government officials and industry groups to discuss both the opportunities and the practical hurdles involved.
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