The Gem & Jewellery Export Promotion Council (GJEPC) has welcomed the landmark India–U.S. trade agreement, calling it a vital relief for India’s gem and jewellery sector after months of pressure from steep U.S. tariffs. The U.S., India’s largest export market, accounts for 31% of shipments, but rising duties sharply disrupted trade, causing exports to plunge over 44% and severely impacting diamonds and gold jewellery. The new agreement reduces costs for importers, restores competitiveness, and is expected to revive demand. GJEPC also anticipates zero-duty access for loose diamonds and coloured gemstones, helping rebuild confidence, stabilize operations, and strengthen overall trade flows.