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.”


Ukraine, China mineral dominance on agenda as G7 meets

Updated 11 November 2025
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Ukraine, China mineral dominance on agenda as G7 meets

  • There will also be discussions on Sudan, gripped by a war since April 2023
  • China’s dominance of critical mineral supply chains is a growing area of concern for the G7

NIAGRA-ON-THE-LAKE: G7 foreign ministers were gathering in Canada on Tuesday for talks expected to focus on Ukraine, as the club of industrialized democracies seeks a path toward ending the four-year-old conflict.
Options to fund Kyiv’s war needs against invasion by Russia could feature prominently at the talks in Canada’s Niagara region on the US border.
The diplomats are meeting after US President Donald Trump slapped sanctions on Moscow’s two largest oil companies in October, slamming Russian President Vladimir Putin over his refusal to end the conflict.
Trump has also pushed other European countries to stop buying oil that he says funds Moscow’s war machine.
Ukraine is enduring devastating Russian attacks on its energy infrastructure, but Canadian Foreign Minister Anita Anand stopped short of promising concrete outcomes to aid Kyiv at the Niagara talks.
She told AFP a priority for the meeting was broadening discussion beyond the Group of Seven, which includes Britain, Canada, France, Germany, Italy, Japan and the United States.
“For Canada, it is important to foster a multilateral conversation, especially now, in such a volatile and complicated environment,” Anand said.
Representatives from Saudi Arabia, India, Brazil, Australia, South Africa, Mexico and South Korea will also be at the meeting held a short drive from the iconic Niagara Falls.
US Secretary of State Marco Rubio will hold bilateral talks with Anand on Wednesday, the second and final day of the G7 meeting.
Anand said she did not expect to press the issue of Trump’s trade war, which has forced Canadian job losses and squeezed economic growth.
“We will have a meeting and have many topics to discuss concerning global affairs,” Anand told AFP.
“The trade issue is being dealt with by other ministers.”
Trump abruptly ended trade talks with Canada last month — just after an apparently cordial White House meeting with Prime Minister Mark Carney.
The president has voiced fury over an ad, produced by Ontario’s provincial government, which quoted former US president Ronald Reagan on the harm caused by tariffs.

- Sudan, Critical minerals -

Italy’s foreign ministry said there will also be discussions on Sudan, gripped by a war since April 2023 that has created one of the world’s worst humanitarian crises.
Delivering aid to the war-ravaged African country will be a focus of the talks, which come hours after UN humanitarian coordinator Tom Fletcher met with Sudan’s army chief Abdel Fattah Al-Burhan on getting life-saving supplies to civilians.
The G7’s top diplomats are meeting two weeks after the grouping’s energy secretaries agreed on steps to counter China’s dominance of critical mineral supply chains, a growing area of concern for the world’s industrialized democracies.
Beijing has established commanding market control over the refining and processing of various minerals — especially the rare earth materials needed for the magnets that power sophisticated technologies.
The G7 announced an initial series of joint projects last month to ramp up refining capacity that excludes China.
While the United States was not party to any of those initial deals, the Trump administration has signaled alignment with its G7 partners.
A State Department official told reporters ahead of the Niagara meet that critical mineral supply chains would be “a major point of focus.”
“There’s a growing global consensus among a lot of our partners and allies that economic security is national security,” the official said.