Indian jewelry exporters look to Saudi market to offset Trump’s tariff hit 

Women wear Indian jewelry as part of a curated show at the 2025 Saudi Arabia Jewellery Exposition in Jeddah, Saudi Arabia on Sept. 11, 2025. (Consulate General of India in Jeddah)
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Updated 13 September 2025
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Indian jewelry exporters look to Saudi market to offset Trump’s tariff hit 

  • US accounts for about a third of India’s annual $28.5 billion of gems and jewelry exports
  • Indian organizers aim to develop Saudi expo into Middle East’s ‘gem and jewelry trading hub’ 

NEW DELHI: More than 100 Indian jewelers traveled to Jeddah this week to participate in the inaugural Saudi Arabia Jewelry Exposition (SAJEX), as the industry looks to diversify export markets in response to US President Donald Trump’s hefty tariffs on goods from India.

As part of his ongoing global trade war, Trump doubled the total duty on Indian exports to 50 percent last month, citing New Delhi’s continued purchases of Russian oil as a reason. 

With the levies — the highest in Asia and among the greatest ever imposed on a major trading partner by any American administration — expected to hit labor-intensive sectors such as gems and jewelry, the industry’s apex body in India is now working to find alternative markets to offset their impact. 

“In our sector, the US accounted for 30 percent of our exports … because of the tariffs by the US, now all exporters are forced to look at new markets (to) offset the losses from the US,” Kewal Krishan Duggal, director of policy at India’s Gem and Jewelry Export Promotion Council, told Arab News. 

India’s annual gems and jewelry exports are worth about $28.5 billion, and constitute the country’s third-largest US export sector. The industry employs around five million workers. 

This week, GJEPC India launched SAJEX 2025, a three-day jewelry exhibition held at the Jeddah Superdome, in an effort to connect jewelry exports from India and other countries with Saudi buyers. 

“We have a good scope to capture that market … We see Saudi as a very big market and a gateway to the markets in Africa,” Duggal said.  

SAJEX, which concluded on Saturday, was organized in cooperation with the Consulate General of India in Jeddah and the Embassy of India in Riyadh and supported by Invest Saudi and the Chambers of Commerce of Jeddah and Makkah. 

“The Saudi market is opening up and it will be good for the local trade to network with our industry for growth prospects,” GJEPC chair Kirit Bhansali told Arab News, adding that his organization is hoping to develop SAJEX into the “gem and jewelry trading hub” of the Middle East.  

“We are looking at collaborations to explore the market. Saudi Arabia, with four billion dollars of jewelry demand, has the potential to double that in a very short time. Collaboration with leaders in gem and jewelry countries like India will help the Saudi industry too.” 

The Kingdom is a “very large market” for gems and jewelry, said Dr. Suhel Ajaz Khan, Indian Ambassador to Saudi Arabia. 

“From a (consumer) perspective, it is the largest market in the region. India is a leading exporter of gems and jewelry in the world, (but) currently India’s share in the Saudi market is modest,” he told Arab News. 

“SAJEX will help connect India’s jewelers and designers with Saudi buyers. It will enhance trade and joint collaborations,” he continued. “Such collaborations strengthen the overall economic partnership between India and Saudi Arabia.”


Myanmar arrests hundreds under new election law ahead of December vote

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Myanmar arrests hundreds under new election law ahead of December vote

Myanmar’s junta said this week it had arrested more than 200 people under a new law against undermining ​elections, drawing criticism from a monitoring group that the legislation is being used to block criticism of the regime and prevent scrutiny. The military government is set to begin a general election on December 28, the first since a 2021 coup overthrew the civilian administration.
The Asian Network for Free Elections (ANFREL), which served as an accredited international observer during the 2015 and 2020 polls, said in an assessment that the election protection law enacted by the junta in July is a major concern.
Myanmar authorities ‌have charged ‌at least 229 people under the law for attempting ‌to ⁠sabotage ​the election ‌process, the junta-run Global New Light of Myanmar newspaper reported this week.
It did not provide details on those charged or exactly what punishment they faced. Myanmar junta spokesman Zaw Min Tun did not respond to calls seeking comment.
The law prohibits actions aimed at disrupting the election as well as staging protests, including criticism on social media. Those convicted of breaking the law can face punishments ranging from three years in prison to the death ⁠penalty.
The law has been used against young people putting up boycott stickers, film directors and artists who ‌posted reactions on social media, and to charge journalists, according to ‍ANFREL.
“Rather than ensuring peaceful, competitive elections, ‍the Election Protection Law is being deployed to silence dissent, deter protests, and block ‍independent scrutiny – turning any form of election monitoring into a criminal risk,” the group said.

ELECTION AMID CIVIL WAR
Several countries, the United Nations, and rights groups have described the upcoming multi-phase elections as a sham designed to keep Myanmar’s ruling generals in power through proxies, although the junta ​insists the polls have public support. Over 100 townships, including the commercial capital of Yangon, will vote in the first phase of the elections ⁠in late December, followed by another 100 in the second phase on January 11. The details of a possible third phase are yet to be announced. The elections will be held amidst a raging civil war, triggered by the 2021 coup in which the military ousted an elected civilian government led by Nobel laureate Aung San Suu Kyi and her National League for Democracy. Her party remains dissolved under the junta’s directions and several other political groups are also boycotting the polls, drawing international criticism over the credibility of the elections. The junta, however, has defended its plan to go ahead with the polls.
“The election is being conducted for the people of Myanmar, not for the international community,” junta ‌spokesman Zaw Min Tun said at a press conference in Yangon last week, according to the state-run newspaper.
“Whether the international community is satisfied or not, is irrelevant.”