Jewellers exported $500 mn goods before reciprocal tariff

INDIAN JEWELLERY EXPORTERS dispatched $500 million worth of goods to the US between March 26 and April 2 in anticipation of the imposition of reciprocal tariff, said an official with the Gems and Jewellery Exports' Promotion Council (GJEPC).

- RAJESH BHAYANI

INDIAN JEWELLERY EXPORTERS dispatched $500 million worth of goods to the US between March 26 and April 2 in anticipation of the imposition of reciprocal tariff, said an official with the Gems and Jewellery Exports' Promotion Council (GJEPC). These exports were equivalent to a month's production, and is expected to provide the industry with a three-month relief.

"All the exports were done between March 26 and before April 2. To achieve this, we had requested the Indian customs office to work overtime and remain open to allow clearance for exporting to the US," said an official.