As you may be aware, the U.S. government has recently announced new tariffs on imports from nearly every country worldwide. These changes could impact some of our jewelry collections, including our lab-grown diamond jewelry, custom orders, and gemstones. Some of these items come from India and Thailand, where the current tariff taxes are 27% and 36%, respectively.
What are tariffs, and how do they affect prices?
Tariffs are essentially import taxes placed on goods coming into the U.S. from other countries. When these taxes increase, the cost of bringing those goods into the US also rises. For businesses like ours, this can lead to significantly higher production costs. Some of our products, such as lab-grown diamonds and gemstones, are not produced in the US and must be purchased from overseas.
At Mureta & Co., we are committed to providing exceptional quality and transparent pricing. We are closely monitoring the situation in hopes that the tariff rates change, but there may be price adjustments in the near future. We assure you that we are exploring all options to minimize the impact on our customers.
We appreciate your understanding and continued support as we navigate these changes together. If you have any questions about specific pieces or upcoming purchases, please don’t hesitate to reach out to our team
— The Mureta & Co. Team