Gold Jewellery Sector Fears 50% Tariffs Will Hit Livelihoods of Artisans

Echoing similar concerns, GJC Vice Chairman Avinash Gupta emphasized the broader economic impact, including pressure on the Indian Rupee.

- TDG NETWORK

With the US set to impose an additional 25 percent tariff on Indian gold jewellery exports from August 27—on top of the 25 percent already in effect—industry leaders have expressed deep concern over the mounting pressure on the sector.

Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council (GJC), said, "The imposition of a 25 percent tariff on Indian gold jewellery exports—already in effect—and the additional 25 percent set to be enforced from 27th August represent a compounded blow to the sector."