US consumers will be sensitive to tariff-related price increases: Paul Zimnisky
The recent imposition of steep tariffs by the Trump administration on diamonds imported from India has sent ripples across the US diamond jewellery sector. India being the primary supplier of polished diamonds to America, the world’s largest consumer market, the tariffs have caused supply chain disruptions, and are likely to lead to rising product costs. Prices are expected to go up, once the existing inventory depletes, unless a deal is reached between the US and India. Suneeta Kaul speaks with Paul Zimnisky, renowned diamond industry analyst, to gain insights into the fallout of the tariffs, and how they are reshaping buying behaviour and pricing strategies in the US.
Union Budget 2025: Customs Duty on Gold Imports Remains Unchanged at 6%
The Union Budget 2025-26 brings relief and strategic reforms for the jewellery sector. While the customs duty on gold remains steady at 6%, key changes include new tariff classifications for gold and silver, along with significant duty cuts on platinum findings and jewellery components
Under the leadership of GJEPC, Gem & Jewellery Industry Voices Concerns At USTR Public Hearing
At the United States Trade Representative (USTR) multi-jurisdictional hearing held virtually on 10th May, the GJEPC along with other major trade bodies and leading exporters from the gem & jewellery sector represented Indian industry’s grievances over a proposed 25% import duty on 17 Indian jewellery items
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