Indian jewellers eye foreign units to bypass US tariffs

Indian jewellers eye foreign units to bypass US tariffs

Indian diamond and jewellery exporters are exploring production units in friendly countries to bypass steep US tariffs of 50% imposed on Indian gems from August 27, 2025. Industry experts suggest rerouting via regions like Oman, Europe, and Southeast Asia. With the US accounting for a third of India's diamond exports, Surat polishers face the hardest hit.

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