Browsing: Gems and Jewellery Sector

Swarna Shilpa Bachao Committee (SSBC) has highlighted the growing challenges faced by India’s gems and jewellery sector due to increased import duties on precious metals and weakening demand sentiment across the market.

India’s natural diamond polishing industry faces a 28-30% revenue drop to $12.50 billion in FY2025 due to 50% US tariffs reports CRISIL

Surat’s diamond polishers set to bear the brunt, Tirupur’s readymade garment makers.