Jewellery Stocks Surge as Budget 2025 Cuts Customs Duty Jewellery Stocks Surge as Budget 2025 Cuts Customs Duty Jewellery stocks soared on February 1 after Finance Minister Nirmala Sitharaman announced a customs duty reduction, boosting investor confidence. Manoj Reddy Sama / Saturday, February 1, 2025 / Article rating: 5.0 The Finance Minister lowered the customs duty on jewellery articles and parts from 25 per cent to 20 per cent, effective February 2, 2025. Additionally, platinum findings will now attract a 5 per cent duty instead of 25 per cent.