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Bloomberg Quint

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Image Credit: Bloomberg Quint

Trump Tariffs To Hit Gujarat's Gems, Jewellery Sector Hard

  • The US government's reciprocal tariffs on goods exported from India will affect the gems and jewellery space negatively.
  • Tariffs will have a minimal impact on the pharmaceutical, textile, and agro-chemical sectors in Gujarat.
  • Gujarat's gems and jewellery sector, being a major center for diamond cutting and polishing, will be impacted by the new tariffs.
  • Chemical industry in India, especially pigments used to make blue, green, and white colors, will benefit from the new tariff policy.

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