India Jewellery HS7113 Import Data 2025 January Overview

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

India's jewellery imports under HS Code 7113 in January 2025 reveal a strategic shift toward bulk sourcing of lower-value components from Thailand (90% of quantity, 39% of value) while supplementing with high-end pieces from the U.S. and Italy. The market shows signs of leveraging duty reductions for domestic finishing, with India itself re-importing goods for value addition. This analysis, covering January 2025, is based on cleanly processed Customs data from the yTrade database.

India Jewellery (HS 7113) 2025 January 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, wedding markets, and investment in precious metals. India, a major hub for jewellery manufacturing and trade, relies heavily on imports under this code to meet domestic and export-oriented production needs.

Current Context and Strategic Position

In January 2025, India’s jewellery import landscape saw significant policy shifts, including a customs duty reduction from 25% to 20% under HS Code 7113 [Union Budget]. However, silver jewellery imports (71131141 & 71131149) were restricted until March 2026 to curb duty evasion [TaxGuru]. These changes reflect India’s balancing act between easing costs for consumers and protecting domestic manufacturers. Given India’s role as a key jewellery importer and exporter, market vigilance remains essential to navigate evolving trade policies and demand trends.

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

Key Observations

India's Jewellery imports under HS Code 7113 in January 2025 registered a value of 147.19 million USD, with no volume data reported for the period. This initial monthly figure sets the baseline for import activity at the start of the year.

Price and Volume Dynamics

With only January data available, direct MoM or YoY comparisons are not feasible. The import value of 147.19 million USD suggests moderate activity, consistent with typical post-holiday demand patterns in the jewellery industry, where January often sees cautious stock replenishment after peak festival seasons like Diwali and weddings in Q4. This aligns with the industry's cyclical nature, where import volumes tend to be lower early in the year before ramping up towards mid-year festivities.

External Context and Outlook

The import environment in January 2025 operated under the pre-existing customs duty regime of 25% for HS Code 7113 items, as the reduction to 20% was only proposed in the Union Budget on February 1, 2025 [India Budget]. This likely contributed to restrained import volumes, with traders anticipating lower costs post-budget. Looking ahead, the duty cut is expected to boost affordability and import momentum in subsequent months, though supply-side factors like domestic manufacturing cycles will remain influential.

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

Product Specialization and Concentration

According to yTrade data, India's jewellery imports under HS Code 7113 in January 2025 are heavily concentrated in high-value precious metal items, excluding silver. The dominant sub-code is "Jewellery; of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof" (HS 71131913), which accounts for over 27% of the import value with a unit price of $150.03 per piece, indicating a focus on premium products. An anomaly is isolated with HS 71131923, which has an extremely high unit price of $279.92 per piece, suggesting niche or luxury items that skew the average.

Value-Chain Structure and Grade Analysis

The non-anomalous sub-codes fall into two clear categories based on value-add and grade. First, high-grade precious metal jewellery (excluding silver), such as HS 71131913 and HS 71131919, with unit prices ranging from $115.74 to $150.03 per piece, represents differentiated manufactured goods with significant value addition. Second, silver jewellery, like HS 71131141 and HS 71131149, has much lower unit prices around $1.50 to $1.87 per piece but high quantity shares, acting more like standardized, bulk-oriented items though still finished goods. This structure shows a market split between high-margin, branded products and volume-driven, lower-value segments.

Strategic Implication and Pricing Power

For market players, the high-value precious metal jewellery offers strong pricing power due to differentiation, while silver jewellery faces supply constraints from recent import restrictions. Specifically, India's move to restrict silver jewellery imports under codes 71131141 and 71131149 until March 2026 [TaxGuru] may reduce availability and increase costs for that segment. Overall, importers should focus on premium products under India Jewellery HS Code 7113 Import 2025 January to leverage higher margins, considering the duty reductions that make precious metal items more affordable [India Budget].

Check Detailed HS 7113 Breakdown

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

Geographic Concentration and Dominant Role

India's jewellery import profile for January 2025 is dominated by Thailand, which supplied over 90% of the total quantity and nearly 39% of the total value under HS Code 7113. This significant value-to-quantity disparity, where Thailand's value share is less than half its quantity share, indicates a focus on importing lower-value, bulk jewellery items or components rather than finished high-end pieces.

Partner Countries Clusters and Underlying Causes

Three distinct sourcing clusters emerge. Thailand operates as a bulk supplier of jewellery components or mass-market goods. India itself appears as a major source, likely due to round-tripping or re-importation of goods for finishing or duty adjustment, a pattern supported by the recent customs duty reduction from 25% to 20% which made such movements more economical [Union Budget]. The United States and Italy form a cluster of high-value, lower-volume suppliers, indicating imports of branded or designer jewellery.

Forward Strategy and Supply Chain Implications

Importers should leverage the duty reduction to source components from Thailand for domestic finishing, while monitoring the restricted status of specific silver jewellery items (ITC HS codes 71131141 & 71131149) which require licenses until March 2026 [TaxGuru]. The India Jewellery HS Code 7113 Import 2025 January data suggests a strategic shift towards assembling value domestically, using imported semi-finished goods from Thailand and high-end pieces from Western markets to create a balanced product portfolio.

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

Get Complete Partner Countries Profile

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

Strategic Supply Chain Overview

India's jewellery imports under HS Code 7113 in January 2025 reveal a dual market structure. Price is driven by product specification and high-volume contracts with premium buyers. High-value precious metal items (e.g., HS 71131913) command strong margins due to differentiation. Silver jewellery faces cost pressure from import restrictions. Supply chains are defined by assembly hub dynamics. Thailand provides bulk components for domestic finishing. The US and Italy supply finished luxury goods. Regulatory shifts, like duty cuts and silver import curbs, directly impact sourcing costs and availability.

Action Plan: Data-Driven Steps for Jewellery Market Execution

• Use yTrade data to identify and prioritize high-value, high-frequency buyers under India Jewellery Import 2025 January. This secures stable revenue and reduces customer acquisition costs.
• Monitor Thailand’s supply chain for component pricing shifts under HS Code 7113. Adjust sourcing strategies to leverage duty reductions and maintain cost competitiveness.
• Track regulatory updates on restricted silver codes (71131141, 71131149) until March 2026. Secure necessary licenses early to avoid supply disruptions and cost spikes.
• Analyze US and Italian supplier portfolios for premium product opportunities. Partner with these exporters to diversify into high-margin branded jewellery segments.
• Implement real-time order analytics to detect buyer frequency changes. Adjust inventory and production schedules to align with demand cycles and minimize overstock risk.

Take Action Now —— Explore India Jewellery Import Data

Frequently Asked Questions

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

The moderate import value of $147.19 million reflects typical post-holiday demand patterns, with traders anticipating lower costs after the proposed customs duty reduction from 25% to 20% in February 2025.

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

Thailand dominates with 90% of quantity and 39% of value, followed by India (likely re-imports) and high-value suppliers like the U.S. and Italy.

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

Prices vary due to product specialization: Thailand supplies bulk, lower-value items (e.g., silver jewellery at ~$1.50/piece), while the U.S. and Italy export premium precious metal jewellery (e.g., $150.03/piece).

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

Prioritize high-value precious metal jewellery (e.g., HS 71131913) for margins, and monitor silver import restrictions until March 2026. Leverage Thailand for components and Western markets for branded pieces.

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

Thailand’s bulk-supplier role offers stability, while U.S./Italian exporters can target India’s premium segment. All suppliers must adapt to India’s duty cuts and silver jewellery restrictions.

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

Imports serve two purposes: high-grade precious metal jewellery for retail sales, and silver jewellery/components for domestic finishing or volume-driven markets.