India Jewellery Articles HS7113 Import Data 2025 June Overview

India Jewellery Articles (HS 7113) 2025 June Import: Key Takeaways

India’s June 2025 Jewellery Articles (HS Code 7113) import reveals a high-value, premium-focused market, with India itself as the dominant source—accounting for 58.04% of import value but just 1.55% of quantity, signaling re-imports of quality finished goods. Bulk, lower-cost items come from Thailand and the US, while Italy and the UAE supply niche designer pieces. Buyer concentration remains moderate, with no extreme reliance on single players, and recent customs duty cuts to 20% (from 25%) may further stimulate demand. This analysis is based on cleanly processed Customs data from the yTrade database, covering June 2025.

India Jewellery Articles (HS 7113) 2025 June Import Background

What is HS Code 7113?

HS Code 7113 covers articles of jewellery and parts thereof, of precious metal or of metal clad with precious metal, including components like hooks, clasps, and pins. This category is critical for the global jewellery industry, driven by consumer demand for luxury goods, cultural significance, and investment in precious metals. India, a major producer and consumer, relies on imports to supplement domestic production, particularly for specialized designs and high-purity materials.

Current Context and Strategic Position

In June 2025, India reduced the basic customs duty (BCD) on HS Code 7113 imports from 25% to 20%, effective May 1, 2025, as part of the Union Budget 2025 [India Budget]. However, silver jewellery imports under sub-codes 71131141 and 71131149 were restricted from September 2025 to March 2026, requiring government licenses to curb duty evasion and protect domestic manufacturers [TaxGuru]. These measures reflect India’s dual strategy of lowering trade barriers while safeguarding local industry. Given India’s role as a key jewellery market, vigilance on policy shifts and import trends for HS Code 7113 in 2025 remains essential.

India Jewellery Articles (HS 7113) 2025 June Import: Trend Summary

Key Observations

In June 2025, India's imports of Jewellery Articles under HS Code 7113 surged to $441.53 million in value, with a volume of 32,050 kg, marking a significant monthly increase despite a drop in physical quantity.

Price and Volume Dynamics

The month-over-month comparison shows a sharp rise in import value from $293.49 million in May to $441.53 million in June, while volume decreased from 43,370 kg to 32,050 kg. This divergence suggests a shift towards higher-value jewellery items, likely driven by seasonal stock replenishment ahead of anticipated demand cycles and the recent customs duty reduction. The overall upward trend in 2025 aligns with typical industry patterns where lower import costs stimulate value-focused purchasing, even if volume fluctuates due to inventory adjustments.

External Context and Outlook

The observed volatility in June 2025 is directly influenced by India's policy changes, specifically the reduction in basic customs duty on HS Code 7113 items from 25% to 20% effective May 1, 2025 [Union Budget]. This duty cut made imported jewellery more affordable, boosting value-based imports despite volume variations. Looking ahead, while restrictions on specific silver jewellery categories loom from September (TaxGuru), the current environment supports sustained import growth through mid-2025, contingent on domestic demand and global precious metal price trends.

India Jewellery Articles (HS 7113) 2025 June Import: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, India's import of Jewellery Articles under HS Code 7113 in June 2025 is dominated by silver jewellery, specifically sub-code 71131141, which accounts for over 50 percent of the quantity with a low unit price of 2.02 USD. This indicates a focus on high-volume, low-value items typical of bulk commodity trade. An extreme price anomaly is present in sub-codes like 71131919 with a unit price of 150.74 USD, which is isolated from the main analysis due to its luxury nature.

Value-Chain Structure and Grade Analysis

The remaining sub-codes fall into two clear categories based on unit price and product description. First, silver jewellery items like 71131149 have very low unit prices around 1.61 USD, suggesting fungible bulk commodities traded on metal value. Second, non-silver precious metal jewellery such as 71131913 with unit prices around 4.37 USD represent moderate-value goods, possibly semi-finished or plated items. This structure shows a mix of commodity-like and slightly differentiated products, but the high volume of low-price items points to a market driven more by bulk trade than branded manufacturing.

Strategic Implication and Pricing Power

For India Jewellery Articles HS Code 7113 Import in 2025 June, the dominance of low-unit-price silver jewellery implies limited pricing power for importers, with competition based on cost rather than differentiation. [Union Budget] reports a customs duty reduction from 25% to 20% on these items, which may lower import costs but intensify price competition. Strategic focus should be on efficiency and supply chain management for bulk segments, while high-value anomalies offer niche opportunities but require careful market entry due to policy risks like impending restrictions on silver codes (Union Budget).

Check Detailed HS 7113 Breakdown

India Jewellery Articles (HS 7113) 2025 June Import: Market Concentration

Geographic Concentration and Dominant Role

In June 2025, India's import of Jewellery Articles under HS Code 7113 is heavily concentrated, with India itself as the dominant source, accounting for 58.04% of the import value but only 1.55% of the quantity. This large disparity between value and quantity ratios points to a focus on high-value, premium finished jewellery, rather than bulk or lower-grade items, reflecting India's strong domestic production and potential re-import scenarios for quality goods.

Partner Countries Clusters and Underlying Causes

The sourcing partners form three clear clusters. First, India stands out with high-value, low-quantity imports, likely due to its robust jewellery manufacturing sector supplying premium pieces. Second, Thailand and the United States show high quantity shares (61.11% and 35.72%) but lower value ratios, indicating bulk imports of mass-market or lower-cost jewellery, possibly for affordability and volume needs. Third, countries like Italy and the UAE contribute moderately, often sourcing specialized or designer items, driven by India's demand for diverse styles and components.

Forward Strategy and Supply Chain Implications

For market players, the geographic patterns suggest leveraging India's domestic strength for high-value pieces while optimizing bulk sourcing from Thailand and the US for cost efficiency. The recent customs duty cut on HS Code 7113 from 25% to 20% [Union Budget] makes imports cheaper, but restrictions on specific silver jewellery until March 2026 (TaxGuru) require careful supplier diversification to avoid disruptions. Focus on securing reliable partners for premium goods and exploring alternative bulk sources to balance cost and compliance.

Table: India Jewellery Articles (HS 7113) Top Partner Countries (Source: yTrade)

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India Jewellery Articles (HS 7113) 2025 June Import: Action Plan for Jewellery Articles Market Expansion

Strategic Supply Chain Overview

India Jewellery Articles Import 2025 June under HS Code 7113 is driven by two core price factors. First, bulk silver jewellery imports at low unit prices create intense cost competition. Second, policy shifts like the customs duty cut to 20% and restrictions on specific silver items until March 2026 add volatility. Supply chains must balance high-volume, low-cost sourcing from partners like Thailand and the US with premium domestic re-imports from India. This structure implies a market reliant on efficient bulk handling for volume, but vulnerable to regulatory changes and supply disruptions.

Action Plan: Data-Driven Steps for Jewellery Articles Market Execution

• Segment buyers by order value and frequency using trade data to prioritize high-value, high-frequency clients, ensuring stable revenue streams and efficient resource allocation.
• Diversify suppliers across geographic clusters by adding new bulk partners beyond Thailand and the US, reducing dependency on single sources and mitigating policy risks.
• Monitor real-time regulatory updates on HS Code 7113 through official channels, enabling swift adjustments to sourcing strategies and avoiding costly compliance breaches.
• Optimize inventory levels based on buyer shipment patterns to prevent overstocking of low-value items and shortages of high-value goods, improving cash flow and responsiveness.
• Leverage India’s domestic manufacturing for premium re-imports by partnering with local producers for high-margin pieces, capturing value in both upstream and downstream segments.

Take Action Now —— Explore India Jewellery Articles Import Data

Frequently Asked Questions

Q1. What is driving the recent changes in India Jewellery Articles Import 2025 June?

The surge in import value to $441.53 million (+50% MoM) is driven by higher-value purchases after India cut customs duty from 25% to 20%, offsetting a volume drop. Bulk silver jewellery (low unit price) dominates, but premium segments show price anomalies.

Q2. Who are the main partner countries in this India Jewellery Articles Import 2025 June?

India itself leads (58% of import value), sourcing high-value finished jewellery, while Thailand (61% quantity share) and the US (36% quantity) supply bulk low-cost items. Italy and the UAE contribute specialized mid-range products.

Q3. Why does the unit price differ across India Jewellery Articles Import 2025 June partner countries?

Price gaps stem from product grade: India’s imports include luxury items (e.g., sub-code 71131919 at $150.74/unit), while Thailand/US focus on bulk silver jewellery (e.g., 71131141 at $2.02/unit).

Q4. What should importers in India focus on when buying Jewellery Articles?

Prioritize high-value/high-frequency buyers (75% of market value) for steady revenue, leverage duty cuts for bulk silver imports, and monitor policy risks like upcoming silver jewellery restrictions.

Q5. What does this India Jewellery Articles import pattern mean for overseas suppliers?

Suppliers of bulk silver jewellery (Thailand/US) must compete on cost, while premium producers (India/Italy) can target niche demand. All face volatility from India’s duty cuts and pending import curbs.

Q6. How is Jewellery Articles typically used in this trade flow?

Low-price silver items (e.g., 71131141) serve mass-market retail, while high-value pieces (e.g., 71131919) cater to luxury segments, reflecting India’s dual role as bulk importer and premium re-importer.