August 19, 2025
US 50% Tariff a 'Black Day' for Indian Gems & Jewellery, Threatens Mass Job Losses. (Image Source: Reuters) A 50% tariff in the US market could seriously jeopardise the gems and jewellery industry, and result in massive job losses, industry executives said. Calling August 6 a “black day” for the sector, the Gems and Jewellery Export Promotion Council’s (GJEPC) Chairman, Kirit Bhansali, said, “...

aid, “Delegates from Washington are expected to arrive in India on August 25 (for talks on the bilateral trade agreement) and we hope that this brings down the tariff rate, otherwise there is little hope for the sector’s US businesses

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