# Gems exporters rebuild US business, look beyond

> India's gems exporters rebound to 6% H1 growth after US tariff turmoil.
- Title: Gems exporters rebuild US business, look beyond | Shortify
- Summary: India's gems exporters rebound to 6% H1 growth after US tariff turmoil. India's gems and jewellery exporters rebounded to 6% growth in first half of fiscal…
- Keywords: gems and jewellery, india, us exports, tariffs, gjepec, natural diamonds, lab-grown diamonds, surat, diamond cutting, export promotion, business, money
- Source: Financialexpress — https://financialexpress.com/policy/economy/gems-exporters-rebuild-us-business-look-beyond/4367314
- Author: Nandini Oza
- Published: 2026-10-22T17:05:04+00:00
- Read time: 1 min
- Topics: gems and jewellery, india, us exports, tariffs, gjepec, natural diamonds, lab-grown diamonds, surat, diamond cutting, export promotion, business, money
## US market slump
India's gems and jewellery exports to US plunged 45% during 2025-26 as tariffs and uncertainty disrupted shipments.
## H1 recovery signs
Shipments rebounded to 6% growth in first half of current fiscal year 2026.
## US accounts for 33% of exports
The US represents nearly a third of exports from this labour-intensive industry with heavy import content.
## Natural diamonds hit hard
Natural diamond shipments to US plunged 60% year-on-year to $1.45 billion during April-December 2025.
## Surat hub struggles
Surat, India's diamond-cutting hub processing 90% of world's rough diamonds, saw US orders dwindle to a trickle.
## Export diversification
Exporters redirected shipments to UAE, Hong Kong, Australia and France to maintain export stability.
## Sanket Patel's strategy
Greenlab Diamonds aims to develop sustainable demand across multiple geographies rather than replace one market overnight.

> Our aim is to develop sustainable demand across multiple geographies rather than replace one market overnight
## Domestic market growth
Indian jewellery market shows encouraging opportunities with growing retail and consumer interest.
## Shivam Jewels adaptation
Shivam Jewels worked with overseas partners during peak tariffs to export diamonds to US and modified SKUs to match demand.
## Gross export growth
Gross exports reached $14.3 billion in April-September 2026, up 3.1% year-on-year from $13.8 billion.
## Key takeaway

India's gems and jewellery exporters rebounded to 6% growth in first half of fiscal year 2026 despite 45% drop in US exports during 2025-26, redirecting shipments to UAE, Hong Kong, Australia and France.