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International Business Times
International Business Times
World

Hope Sparkles Anew For India's Jewellers After US Tariff Pause

United States Donald Trump India
India shipped about $10 billion in gems and jewellery products to the United States in the 2024 fiscal year (Credit: AFP)

India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to hit lucrative exports and tens of thousands of jobs.

At manufacturing and processing hubs across India, exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry.

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