The India–UK Comprehensive Economic and Trade Agreement (CETA), signed in July 2025, takes effect on 15 July 2026. It gives Indian exports duty-free access on nearly 99% of UK tariff lines, and gems and jewelry are among the biggest winners.

What changes for jewelry

  • UK import tariffs on Indian jewelry, previously in the range of about 2.5% to 4%, are removed.
  • Categories expected to benefit include diamond jewelry, colored gemstone jewelry, silver jewelry and lab-grown diamond jewelry.
  • Indian manufacturers gain a competitive edge over suppliers from countries that still face UK duties.

The growth outlook

GJEPC expects India's gem and jewelry exports to the UK to grow from around US$754 million to about US$2.5 billion over the next few years. Officials at SEEPZ, Mumbai's jewelry export zone, expect a significant rise in shipments to the UK in the coming year.

What it means for UK jewelers

  • Lower landed costs for jewelry made in India
  • More room for custom and private-label collections with Indian manufacturers
  • Better value to pass on to customers

Import VAT still applies, and VAT-registered businesses can typically use postponed VAT accounting. See our guide for UK jewelers.

What it means for UK shoppers

More choice of Indian-made jewelry, including lab-grown diamond pieces, at sharper prices.

From Surat to the UK

We make laboratory-grown diamond jewelry and supply loose stones to UK jewelers and customers, shipped insured. Contact us or see our price list.

Sources: Outlook Business, Outlook Business on GJEPC outlook, ANI