US tariffs feared to wipe out biggest export market for gems and jewellery industry; new hubs eyed – ET Retail
Bengaluru: The Indian gems and jewellery industry, which contributes about 10% to the country’s merchandise exports, is preparing for potential US tariffs by expanding into alternative markets like Latin America, Vietnam, and Saudi Arabia. Industry leaders told ET that they are visiting these markets, seeking opportunities to mitigate the impact and sustain export growth. “We…