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India gems and jewellery News

Business

Trump's Tariff Hike Sparks Crisis in India's Gems & Jewellery Sector, Pushes Firms Toward UAE and Mexico

Jessica Bennett 07 Aug, 2025

The Indian gems and jewellery industry faces a crisis as US tariffs double to 50%, prompting a shift towards manufacturing in lower tariff countries like UAE and Mexico. Industry l...

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