In a landmark move that promises to redefine the landscape of the Indian jewellery industry, the India–UK Free Trade Agreement (FTA) has ushered in a new era of opportunity. One of the most significant highlights of this agreement is the elimination of import duties on Indian gems and jewellery exports to the United Kingdom. This transformative step not only enhances the competitiveness of Indian jewellery but also opens new avenues for growth in one of the world’s most premium luxury markets.
Duty-Free Access: What’s Changed?
Until now, Indian jewellery exporters faced tariffs of up to 4% when sending products to the UK. These duties added considerable cost in a fiercely competitive international marketplace. However, with the signing of the FTA, these tariffs have been entirely abolished, bringing the import duty down to 0%.
This means that jewellery crafted in India—whether it’s delicate silver ornaments, intricate gold pieces, or luxurious lab-grown diamond collections—can now enter the UK market without the burden of additional costs. For exporters, this isn’t just a tax relief; it’s a strategic advantage that allows Indian jewellery to become more appealing in terms of both price and design.
What This Means for Indian Exporters
The implications of this duty-free access go far beyond simple economics. For every stakeholder in the jewellery export chain—from gemstone traders and artisans to high-end jewellery manufacturers—this development creates a ripple effect of positive outcomes:
- Better Profit Margins: With duties removed, exporters can maintain competitive pricing while improving profitability.
- Increased Competitiveness: Indian jewellery can now compete on equal footing with global counterparts, no longer held back by higher import taxes.
- Higher Demand: UK retailers and buyers are more likely to explore and invest in Indian jewellery, now made more accessible and affordable.
This move is especially significant in today’s market, where consumer demand is shifting toward value-driven luxury and ethically sourced pieces. Indian jewellery, known for its craftsmanship and heritage, now has the chance to shine even brighter.
A Boost for Every Segment of the Industry
From traditional gold jewellery to contemporary designs with lab-grown diamonds, all categories of Indian jewellery benefit from this agreement. It covers:
- Gold jewellery
- Diamond and gemstone collections
- Silver ornaments
- Designer and handcrafted creations
This duty-free access benefits everyone—from the artisans of Jaipur who specialize in enamel work, to the diamond cutters of Surat who lead in precision craftsmanship. It’s a collective win that empowers every link in the supply chain.
Lab-Grown Diamonds: The Sustainable Sparkle
As the demand for sustainable luxury continues to rise, lab-grown diamonds are gaining global traction. Ethically sourced and environmentally conscious, lab-grown diamond jewellery from India is now poised to make a strong impression in the UK market.
Exporters offering lab-grown diamond collections can especially take advantage of this FTA by positioning their jewellery as not only luxurious and elegant but also sustainable and affordable.
Time to Shine: The Path Forward
The India–UK FTA is more than just a policy change; it’s a powerful catalyst for growth, recognition, and expansion. Indian exporters now have the chance to scale up operations, build strong connections with UK retailers, and increase global visibility. It’s the perfect moment to showcase the best of Indian artistry on an international platform.
For jewellery brands and manufacturers, the time to act is now. With zero import duty and rising global interest in Indian craftsmanship, there has never been a better opportunity to expand footprints in the UK market.