Poging GOUD - Vrij

H-IB fee hike Trump's second blow to gems & jewellery firms

Mint Kolkata

|

October 13, 2025

Losing sparkle

- Devina Sengupta

Donald Trump's decision to hike H-IB visa fees may have put the spotlight on India’s information technology (IT) services industry, but it has also delivered a twin blow to the gems and jewellery sector—which is not only reeling from tariffs but also has thousands of artisans and technicians working in the US on these work permits.

"Indian jewellers employ gemologists, metallurgists, quality control scientists, IT professionals on H-IB visa,” said Poorvi Chothani, Immigration attorney and managing partner, LawQuest. “The additional cost of $100,000 may also deter employers from engaging H-IB workers. The jewellers may just offshore the roles-they will get these jobs done overseas.”

Jewellers point out that for the last couple of decades, specialists from India who can gauge the quality of diamonds and precious stones, and market them, will now find it difficult to travel on the said visa. Of the 3,000 trading offices overseas, 300 are located in the US, many of them on 47th Street in New York's Diamond District—and in Los Angeles.

MEER VERHALEN VAN Mint Kolkata

Mint Kolkata

ACME to invest ₹5k cr in green steel

CME Group is planning to invest ₹5,000 crore to set up a direct reduced iron (DRI) facility, according to industry sources.

time to read

1 min

October 13, 2025

Mint Kolkata

'FPIs, capex and earnings will drive markets up in Samvat 2082'

India is a market where exit is easy but entry is tough, says Nilesh Shah, MD of Kotak Mahindra AMC, the fifth-largest mutual fund based on quarterly assets under management (AUM) as of September-end.

time to read

4 mins

October 13, 2025

Mint Kolkata

Etihad focuses on premium India mkt

Etihad Airways, which operates 185 flights a week across 11 Indian cities, is banking on premium travel experience, customer segmentation and strategic partnerships to drive its business growth in the country, which is among the top three global markets for the airline, said an official of the Abu Dhabi-based carrier.

time to read

1 min

October 13, 2025

Mint Kolkata

Mint Kolkata

Inside the West's race to defend the Arctic

Russia holds a large advantage in the high north. NATO’s effort to catch up is beset by challenges.

time to read

5 mins

October 13, 2025

Mint Kolkata

Mint Kolkata

Meet Indian experts training AI models

60% of revenue derived from US clients. Since then, the market has significantly accelerated

time to read

2 mins

October 13, 2025

Mint Kolkata

Mint Kolkata

Chip supply chain braces for China’s new rare earth curbs

Businesses across global semiconductor supply chain are bracing themselves for disruptions from China’s most targeted move yet to limit supplies of rare-earth materials as part of an escalating trade war between the Asian nation and the US.

time to read

2 mins

October 13, 2025

Mint Kolkata

Mint Kolkata

India IMDb's second-largest market, led by multilingual content

India, known for its rich entertainment ecosystem and linguistic diversity, is now the second-largest audience for IMDb, the Internet movie database owned by Amazon, after the United States. Over the last five years, IMDb’s monthly visitors from India have doubled, said Yaminie Patodia, head, IMDb India, in a conversation with Mint.

time to read

1 mins

October 13, 2025

Mint Kolkata

Mint Kolkata

Is Al cutting women out of leadership roles?

A recent report highlights anew culprit behind the ‘leaky pipeline’ that is excluding women from the workforce

time to read

3 mins

October 13, 2025

Mint Kolkata

Will new capital rule aid SBI Cards?

SBI Cards and Payment Services is seen as a potential beneficiary of the Reserve Bank of India's (RBI) revised risk weight-based capital adequacy norms.

time to read

2 mins

October 13, 2025

Mint Kolkata

Electricity reform: This time, let's make a go of it

Proposed legislative amendments aimed at fixing what ails this vital sector could help make Indian industry more competitive. Two proposals stand out that spell hope over experience

time to read

2 mins

October 13, 2025

Listen

Translate

Share

-
+

Change font size