Tuesday, March 04, 2025 | 08:07 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

US-China trade war: India's gem and jewellery export gets a boost

If the tariff is actually implemented, China's gold jewellery export to US will not be viable and Indian exporters will get an opportunity to fill that gap

craft, gems
Premium

Rajesh Bhayani Mumbai
The US government announcing a 10 per cent tariff covering new commodities imported from China has some good news for India's gem and jewellery industry.

The 10 per cent tariff, starting September 1 if China's government does not give satisfactory reasons against it, will apply to rough and polished diamonds, rough and polished “synthetic gemstones” as well as “jewellery articles of precious or semi-precious stones" coming into the US from China.  

Paul Zimnisky, a diamond analyst and consultant in New York, said: “The US imports less than 1 per cent of loose polished diamonds from China but 15 per cent of jewellery.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in