The Indian gems and jewellery industry is facing a major setback following the US government’s decision to impose a 27% tariff on imports from India. This move is expected to have a detrimental impact on the industry as the US is one of the largest export markets for Indian gems and jewellery. The imposition of such high tariffs is likely to lead to a significant reduction in demand, potentially resulting in job cuts in an industry that heavily relies on manual labor. Exporters are concerned about the future of their businesses, with predictions of a 30-50% decline in exports to the US if trade negotiations do not yield favorable outcomes. The Indian government and industry stakeholders are closely monitoring the situation and are exploring various avenues to address the challenges posed by the tariffs. It remains to be seen how the industry will navigate these turbulent waters and whether alternative markets can be tapped to offset the impact of the US tariffs on Indian gems and jewellery exports.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indian gems and jewellery industry is facing a major setback following the US government’s decision to impose a 27% tariff on imports from India. This move is expected to have a detrimental impact on the industry as the US is one of the largest export markets for Indian gems and jewellery. The imposition of […]<\/p>\n","protected":false},"author":0,"featured_media":87748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758.jpg",1280,720,false],"thumbnail":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758-150x150.jpg",150,150,true],"medium":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758-300x169.jpg",300,169,true],"medium_large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758-768x432.jpg",640,360,true],"large":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758.jpg",1280,720,false],"2048x2048":["https:\/\/vanillanews.com\/wp-content\/uploads\/2025\/04\/msid-119959904imgsize-1268758.jpg",1280,720,false]},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/87747"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=87747"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/87747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media\/87748"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=87747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=87747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=87747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}