Top leaders of India’s gems and jewellery industry have called for urgent government intervention following the United States’ recent notice on reciprocal tariffs. A delegation, led by Shri Shaunak Parikh, Vice Chairman of the Gem & Jewellery Export Promotion Council (GJEPC), along with Shri Adil Kotwal, President of the Seepz Gem & Jewellery Manufacturers’ Association (SGJMA), and Shri Sabyasachi Ray, Executive Director of GJEPC, met with Hon’ble Commerce Secretary Shri Sunil Barthwal, IAS, to discuss the potential impact on Indian exports.

The meeting focused on highlighting the significant challenges that the proposed tariffs could create for India’s gems and jewellery sector, a crucial contributor to the country’s export economy. Shri Satya Srinivas, IRS, Additional Secretary at the Ministry of Commerce (MoC), and Shri Dnyaneshwar Patil, Development Commissioner of SEEPZ, were also in attendance to gain a broader perspective on the issue.

The US proposal has sparked concern among industry stakeholders, who fear that increased tariffs could disrupt trade and weaken India’s competitive edge in the global jewellery market. During the discussion, industry representatives outlined possible economic consequences and submitted key recommendations to safeguard Indian exports.

As the situation unfolds, the GJEPC continues to work closely with policymakers to mitigate the potential fallout and ensure that India’s gems and jewellery sector remains resilient in the face of international trade challenges.