Starting August 1, 2025, the United States is set to impose high import tariffs on jewelry, watches, and rough diamonds from China and other countries, with rates as high as 27% to 34%. The new taxes also apply to countries like India and Switzerland, and are expected to raise the overall cost of imports.
Due to rising tariffs, some importers and distributors are cautiously holding back on purchases, which is temporarily hampering trade dynamics and could lead to market uncertainty in the US. At the same time, many companies had already attempted to expedite shipments before the tariffs were introduced.
Does this apply to us in Europe?
The situation in the European market is more relaxed – supplies of jewelry raw materials, such as diamonds, typically come from Antwerp, India, or other distribution centers, rather than China. As a result, the impact of US tariffs will have little direct impact on the European market.
However, for luxury brands that design in the US and sell globally, indirect price increases may occur if import costs are passed on to consumers. European customers may then notice subtle price pressure, especially for American-branded products.
This is a good opportunity to remind you: although US tariffs do not apply to most European brands, it is worth keeping an eye on global trends and their potential impact on the world of jewelry.
More HERE.
