https://sputniknews.in/20250808/us-tariffs-on-indian-goods-may-hit-lab-grown-gem-imports--statistics-9570304.html
US Tariffs on Indian Goods May Hit Lab-Grown Gem Imports- Statistics
US Tariffs on Indian Goods May Hit Lab-Grown Gem Imports- Statistics
Sputnik India
MOSCOW (Sputnik) - Heavy US tariffs on Indian goods may push up prices for lab-grown gemstones and diamonds in the United States, which relies on India for... 08.08.2025, Sputnik India
2025-08-08T11:33+0530
2025-08-08T11:33+0530
2025-08-08T12:12+0530
political affairs
india
us
united states
european union (eu)
https://cdn1.img.sputniknews.in/img/07e9/08/08/9570465_0:161:3071:1888_1920x0_80_0_0_e2470899c020eb82dec49da97d3e6cbd.jpg
The US has imposed a 25% tariff on Indian imports and threatened to double them to 50% starting August 27 in response to India's purchases of Russian oil.In the past 12 months, the US imported $941.4 million worth of lab-grown gems and semi-precious stones, with India accounting for nearly 88%, or $824.7 million, of all imports.The tariffs on India may also affect 46% of US imports of processed and rough diamonds, or $5.46 billion out of $11.9 billion in total imports.The US also imported $3.48 billion worth of jewelry made of precious metals from India, which accounts for almost a quarter of its total imports. In addition, over 13%, or $264.6 million, of US imports of jewelry made with natural gemstones also came from India.On Monday, Indian Foreign Ministry spokesman Randhir Jaiswal rejected US and EU criticism of Russian oil imports as unjustified and unwise. He emphasized that India would take steps to safeguard its interests and economic security.
india
us
united states
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
2025
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
News
en_IN
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
Sputnik India
feedback.hindi@sputniknews.com
+74956456601
MIA „Rossiya Segodnya“
india, us, united states, european union (eu)
india, us, united states, european union (eu)
US Tariffs on Indian Goods May Hit Lab-Grown Gem Imports- Statistics
11:33 08.08.2025 (Updated: 12:12 08.08.2025) MOSCOW (Sputnik) - Heavy US tariffs on Indian goods may push up prices for lab-grown gemstones and diamonds in the United States, which relies on India for most of their imports, a Sputnik analysis of US statistics data shows.
The US has imposed a 25% tariff on Indian imports and threatened to double them to 50% starting August 27 in response to India's purchases of Russian oil.
In the past 12 months, the US imported $941.4 million worth of lab-grown gems and semi-precious stones, with India accounting for nearly 88%, or $824.7 million, of all imports.
The tariffs on India may also affect 46% of US imports of processed and rough diamonds, or $5.46 billion out of $11.9 billion in total imports.
The US also imported $3.48 billion worth of jewelry made of precious metals from India, which accounts for almost a quarter of its total imports. In addition, over 13%, or $264.6 million, of US imports of jewelry made with natural gemstones also came from India.
On Monday, Indian Foreign Ministry spokesman Randhir Jaiswal rejected US and EU criticism of Russian oil imports as unjustified and unwise. He emphasized that India would take steps to safeguard its interests and economic security.
