https://www.taxtmi.com/news?id=53782 The imposition of reciprocal US tariffs has raised costs for India's gem and jewellery exporters, especially Gujarat's diamond cutting and polishing sector, by making Indian jewellery more expensive for US consumers and threatening exports. Industry leaders view the effect as likely temporary, proposing mitigation through Free Trade Agreements, access to alternative markets, and reliance on resilient US consumer demand for diamonds, while noting concurrent pressure from rising gold prices. en-us Wed, 27 Aug 2025 21:31:04 +0530 Wed, 27 Aug 2025 21:31:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=53782 The imposition of reciprocal US tariffs has raised costs for India's gem and jewellery exporters, especially Gujarat's diamond cutting and polishing sector, by making Indian jewellery more expensive for US consumers and threatening exports. Industry leaders view the effect as likely temporary, proposing mitigation through Free Trade Agreements, access to alternative markets, and reliance on resilient US consumer demand for diamonds, while noting concurrent pressure from rising gold prices. News - Wed, 27 Aug 2025 21:31:04 +0530 https://www.taxtmi.com/news?id=53782