While exports to Iran are likely to be affected, higher demand from other markets in the region, such as Saudi Arabia, Iraq, the United Arab Emirates and Yemen will provide an offset
Kirit Bhansali states that the industry is confident that diamonds and coloured gemstones will receive full zero-duty treatment as envisaged, upon conclusion of the interim agreement
Tariff cuts lower costs for US importers, provides relief to diamond jewellery manufacturers, boost competitiveness of Indian diamond jewellery
A report states that to fully capitalise on the potential, Indian manufacturers must expand their capacities to meet the expected surge in demand
India–EU trade deal boosts apparel, textile and jewellery exports with zero tariffs, opening major growth for labour sectors
The council notes that current European Union import duties significantly constrain the competitiveness of Indian exporters
The decline reflects the continued impact of tariff-related pressures and subdued discretionary demand
The share of processed food exports in agri-food exports has increased substantially from 13.7 per cent in 2014-15 to 20.4 per cent in 2024-25
A study has revealed that India has an unrealised export potential of USD 38 billion in the gems and jewellery sector
The company notes that the order will strengthen its export momentum and international order pipeline
