New Delhi, May 30 -- The proposed India-UK Free Trade Agreement (FTA), currently in final negotiation stages, is positioned to substantially enhance Indian gem and jewellery exports through the elimination of 99 percent of tariffs on Indian goods.

The Gem and Jewellery Export Promotion Council (GJEPC) projects jewellery exports to the United Kingdom will increase from the current USD 400 million to USD 1 billion, with total gem and jewellery exports anticipated to reach USD 2.5 billion within two years of the agreement's execution.

These projections reflect substantial growth potential in high-value product categories that have traditionally faced tariff barriers.

Industry leaders identify gold and diamond jewellery as primary growth d...