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Global Tariffs, Categorized
🇺🇸 United States
🇯🇲 Jamaica
📦 Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semiprecious stones, temporarily strung for convenience of transport
🇺🇸 → 🇯🇲

United States to Jamaica Trade Analysis for Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semiprecious stones, temporarily strung for convenience of transport

Detailed tariff information for Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semiprecious stones, temporarily strung for convenience of transport imports

Precious stones (other than diamonds) and semiprecious stones, whether or not worked or graded but not strung, mounted or set; ungraded precious stones (other than diamonds) and semiprecious stones, temporarily strung for convenience of transport Tariff Rate

HS Code:

20%
Effective January 1, 2023
View general trade relationship between United States and Jamaica

Trade Volume

Value
USD 1.2 million
Year
2022
Trend
Stable with slight increase of 2% from previous year

Special Rates

CARICOM Preference
0%
Applicable if imported under CARICOM agreement with proper certification of origin.

Additional Information

No additional information available.
Last updated: 1 year ago

News and Updates

Recent News
Increased Demand for Jamaican Semi-Precious Stones in the U.S. Market
Recent reports indicate a surge in U.S. demand for Jamaican semi-precious stones, particularly for use in jewelry and decorative items, driven by a growing trend in sustainable and unique materials.
2023-10-15
Impact: This trend is likely to boost export volumes from Jamaica to the U.S., potentially increasing revenue for Jamaican exporters and strengthening bilateral trade ties under HS Code 7103.
U.S. Importers Explore New Jamaican Suppliers for Precious Stones
A trade delegation from the U.S. visited Jamaica to establish partnerships with local suppliers of precious and semi-precious stones, aiming to diversify their import sources amid global supply chain disruptions.
2023-09-20
Impact: New trade agreements could lead to a steady increase in exports of HS Code 7103 items from Jamaica, benefiting local miners and exporters while providing U.S. importers with alternative supply options.
Jamaican Semi-Precious Stone Exports to U.S. Face Logistics Challenges
Logistical bottlenecks at Jamaican ports have delayed shipments of semi-precious stones to the U.S., causing temporary disruptions in the supply chain for HS Code 7103 goods.
2023-08-05
Impact: These delays may lead to short-term reductions in trade volume and could prompt U.S. importers to seek alternative suppliers if issues persist, potentially affecting Jamaican exporters' market share.
Policy Updates
U.S. Tariff Adjustments on Semi-Precious Stones Imports
The U.S. Trade Representative announced a review of tariff classifications under HS Code 7103, with potential reductions in duties for imports from Caribbean nations, including Jamaica, to promote regional trade under the Caribbean Basin Initiative.
Date: 2023-07-10
Jamaica Introduces Export Certification for Precious Stones
The Jamaican government implemented a new certification process for exporters of precious and semi-precious stones under HS Code 7103 to ensure quality control and compliance with international standards, aiming to enhance buyer confidence in the U.S. market.
Date: 2023-06-15