New Delhi, Sept. 14 -- Indian diamond and jewellery exporters are looking to set up production units in friendly countries to avoid the impact of US tariffs and maintain competitiveness in the American market, according to industry insiders.

However, despite the anticipation of industry insiders, no significant player has officially announced such a move so far.

The US currently has a 50 per cent tariff on Indian diamonds and gems, which took effect on August 27, 2025.

"Our American market is like a major market, and that is a major segment of our exports. But naturally, to circumvent that, people are finding out ways where they can have a partial making in India and then try to finish the product somewhere else. So that technically it...