India-UK Free Trade Agreement expected to double bilateral trade for the gem and jewellery industry.

India has successfully concluded the India-UK Free Trade Agreement — a landmark milestone that will further deepen and strengthen bilateral trade ties.

The UK remains a pivotal market for India’s gem and jewellery sector, with exports reaching USD 941 million and imports at USD 2.7 billion in 2024. This landmark FTA is poised to significantly accelerate our export growth, with projections indicating a rise to USD 2.5 billion within the next two years. As a result, total bilateral trade in gems and jewellery is expected to double, reaching USD 7 billion. This agreement will open up fresh opportunities for growth, investment, and collaboration, strengthening the trade between the two nations.