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
Browsing: India-UK Free Trade Agreement
Surat’s diamond polishers set to bear the brunt, Tirupur’s readymade garment makers.
In a historic development set to reshape the global positioning of India’s gems and jewellery sector, the India-UK Free Trade Agreement (FTA) has been successfully concluded. This milestone, hailed by industry leaders and policymakers alike, promises unprecedented benefits across bilateral trade, especially for one of India’s most export-intensive industries—gems and jewellery.
