US tariffs could hit India's jewellery exports
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India's $32 billion gems and jewellery industry is bracing for a sharp fall in exports as hefty U.S. tariffs will impede overseas sales to its biggest market, industry officials said.
From Reuters
The Indian rupee declined in the non-deliverable forward market on Thursday after the U.S. President Donald Trump slapped a 26% tariff on imports from the Asian nation.
From Reuters
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India grapples with the impact of U.S. tariffs, affecting industries like jewellery and automotive while seeking strategic solutions.
As gold prices jump to successive highs, jewellers across Asia and the Middle East are grappling with displays losing their sparkle as customers race to cash in their old jewellery and coins.
US's proposed 27% tariff on Indian gems and jewellery exports could significantly impact the sector. With potential job losses and trade disruptions, industry leaders urge negotiations to reduce tariffs and explore new markets.
The jewellery industry is complex, with multiple stages of production, inventory management, and sales processes. To stay competitive, jewellery retailers and manufacturers need an efficient system to streamline operations.
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