<h1>US raises tariffs on Indian gems and jewellery to 50%, risking short-term export losses and higher US consumer prices</h1> The US has imposed additional tariffs on Indian goods, raising rates to 50% (building on a prior 25% levy), effective in August, prompting legal and commercial exposure for India's gem and jewellery sector, which sends roughly 40% of its exports to the US. Industry associations warn higher US prices will reduce competitiveness and demand, though they expect the effect to be temporary and point to mitigation via free trade agreements and opening alternative markets. Stakeholders predict a short-term disruption, with recovery possible within months, while noting concurrent factors such as rising gold prices already depressed sales.