India Jewellery HS7113 Import Data 2025 August Overview

India Jewellery (HS 7113) 2025 August Import: Key Takeaways

India’s jewellery imports under HS Code 7113 in August 2025 reveal Thailand as the dominant supplier, capturing 92% of import value and 99% of quantity, signaling standardized bulk sourcing. The market shows a clear split between Thailand’s cost-efficient mass production and premium clusters like the US (high-value luxury) and Italy (design-driven pieces). Buyer behavior remains concentrated, with Thailand’s dominance posing supply chain risks, while policy shifts like the 20% duty cut offer cost-saving opportunities. This analysis, covering August 2025, is based on cleanly processed Customs data from the yTrade database.

India Jewellery (HS 7113) 2025 August 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 items like gold, silver, and platinum findings (e.g., hooks, clasps). This category is critical for the global jewellery industry, driven by consumer demand for luxury goods, wedding markets, and investment in precious metals. India, a major producer and exporter, also relies on imports to meet domestic demand and diversify design trends.

Current Context and Strategic Position

In August 2025, India’s import duty on HS Code 7113 jewellery was reduced from 25% to 20% [Union Budget], aligning with efforts to make imported precious metal jewellery more affordable. However, silver jewellery imports (codes 71131141 & 71131149) remain restricted until March 2026, requiring licenses to protect domestic manufacturers [TaxGuru]. India’s strategic position in HS Code 7113 imports balances affordability with local industry safeguards, necessitating close monitoring of policy shifts and compliance.

India Jewellery (HS 7113) 2025 August Import: Trend Summary

Key Observations

In August 2025, India's imports of jewellery under HS Code 7113 reached a value of 30.94 billion USD with a volume of 40.45 thousand kg, representing a massive spike compared to prior months and highlighting a period of exceptional activity in the trade flow.

Price and Volume Dynamics

The month-over-month comparison shows a dramatic increase in import value from July's 363.96 million USD to August's 30.94 billion USD, while volume slightly decreased from 56.86 thousand kg to 40.45 thousand kg, indicating a shift towards higher-value items or concentrated shipments. This outlier suggests a potential stockpiling or strategic import surge, possibly driven by anticipatory buying ahead of seasonal demand peaks like the upcoming festive and wedding seasons in India, which typically boost jewellery consumption. The overall 2025 trend from January to July had been volatile but within a lower range, making August's performance anomalous without immediate cyclical explanation.

External Context and Outlook

The extreme volatility in August 2025 for India Jewellery HS Code 7113 Import can be directly linked to recent policy adjustments, including the import duty reduction from 25% to 20% effective May 1, 2025, as per the [India Budget], which likely encouraged increased purchasing activity over subsequent months. Additionally, restrictions on specific silver jewellery imports under codes 71131141 and 71131149 until March 2026 (India Budget) may have prompted importers to accelerate orders for other jewellery categories to avoid future constraints, contributing to the August surge. Looking ahead, import levels may normalize but remain influenced by these regulatory changes and seasonal demand cycles.

India Jewellery (HS 7113) 2025 August Import: HS Code Breakdown

Product Specialization and Concentration

According to yTrade data, the India Jewellery HS Code 7113 Import market in August 2025 is heavily concentrated in silver jewellery, specifically under sub-code 71131141, which describes jewellery of silver whether or not plated. This sub-code dominates with over 80% of both value and quantity shares, at a unit price of 217 USD per piece. An extreme price anomaly is present in sub-code 71131913 for precious metal jewellery excluding silver, with a unit price exceeding 54,000 USD per piece, which is isolated from the main analysis due to its niche nature.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes fall into two main categories: mass-market silver jewellery with unit prices ranging from 2 to 1,800 USD per piece, and higher-grade precious metal jewellery excluding silver, with unit prices up to 80,000 USD per piece. This split indicates a trade in differentiated manufactured goods rather than fungible bulk commodities, with clear distinctions in quality and value-add stages, from basic silver items to luxury pieces.

Strategic Implication and Pricing Power

For India Jewellery HS Code 7113 Import in 2025 August, importers should note that while duties have been reduced to 20% [indiabudget.gov.in], restrictions on certain silver jewellery sub-codes until March 2026 (taxguru.in) limit options. Pricing power is stronger for high-value items, suggesting a strategic focus on non-restricted, premium products to navigate regulatory changes and maximize margins.

Check Detailed HS 7113 Breakdown

India Jewellery (HS 7113) 2025 August Import: Market Concentration

Geographic Concentration and Dominant Role

For India Jewellery HS Code 7113 Import in 2025 August, Thailand is the dominant supplier, accounting for 91.98% of the import value and 98.95% of the quantity. The close match between value and quantity ratios suggests a consistent unit price, indicating that Thailand provides standardized, bulk-manufactured jewellery at a steady cost, which aligns with its role as a key sourcing hub for mass-produced items.

Partner Countries Clusters and Underlying Causes

The supplier countries form three clear clusters. First, Thailand stands out with high volume and value, likely due to its established jewellery manufacturing industry and cost efficiency. Second, the United States and Italy represent a premium cluster; the US shows a high value share (6.73%) but very low quantity (0.03%), implying high-unit-price luxury goods, while Italy's high frequency (18.69%) with moderate value points to design-intensive or branded jewellery. Third, countries like China and India have high frequency but low value, suggesting they supply lower-cost components or unfinished pieces for assembly.

Forward Strategy and Supply Chain Implications

Importers should leverage the duty reduction to 20% on jewellery [India Budget] to cut costs, but must avoid restricted silver jewellery categories until 2026 [TaxGuru]. Diversifying sources beyond Thailand for premium or niche segments, like from the US or Italy, can reduce dependency and tap into higher-margin markets, while monitoring policy changes for compliance.

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

The India Jewellery Import 2025 August under HS Code 7113 is driven by product specification and OEM contract volumes. Key price drivers include the dominance of mass-market silver jewellery at lower unit prices and high-value precious metal items for luxury segments. Regulatory changes, like the 20% duty cut and silver restrictions until March 2026, add cost and risk factors. Supply chain implications show India's role as an assembly hub, heavily dependent on Thailand for standardized bulk supply, with opportunities in premium sourcing from the US and Italy. This structure highlights technology and brand dependence, requiring agile responses to market shifts.

Action Plan: Data-Driven Steps for Jewellery Market Execution

• Prioritize non-restricted product codes like high-grade precious metals to avoid compliance issues and capture higher margins, as restrictions on silver jewellery limit options until 2026.
• Diversify supplier bases by targeting premium clusters in the US and Italy for luxury items, reducing over-reliance on Thailand and enhancing product variety.
• Analyze buyer frequency data to tailor inventory cycles for dominant high-volume buyers, preventing stockouts and optimizing cash flow.
• Monitor real-time trade data for policy updates on duties and restrictions, ensuring timely adjustments to import strategies and minimizing regulatory risks.
• Leverage HS Code 7113 sub-code analysis to identify emerging trends in jewellery specifications, enabling proactive product development and market entry.

Take Action Now —— Explore India Jewellery Import Data

Frequently Asked Questions

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

The August 2025 surge to 30.94 billion USD reflects anticipatory buying due to India's import duty cut to 20% and restrictions on silver jewellery until March 2026, shifting demand to non-restricted, higher-value items.

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

Thailand dominates with 91.98% of import value, followed by the US (6.73%) and Italy, which supplies design-intensive jewellery at moderate value shares.

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

Prices vary from 217 USD/piece for mass-market silver jewellery (sub-code 71131141) to over 54,000 USD/piece for niche luxury items (sub-code 71131913), reflecting quality tiers.

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

Prioritize non-restricted premium products (e.g., non-silver precious metals) to leverage pricing power, while diversifying suppliers beyond Thailand to mitigate concentration risk.

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

Thailand’s bulk suppliers benefit from stable demand, while US/Italian exporters gain from high-margin opportunities in luxury segments, though all must monitor India’s regulatory shifts.

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

Imported jewellery serves both mass-market consumption (silver items) and luxury demand (high-value pieces), aligning with India’s festive and wedding-driven purchasing cycles.