New Delhi, July 31 -- India's jewellery sector is facing a major crisis after former US President Donald Trump announced a 25% tariff on Indian jewellery exports.

The move has triggered alarm across the industry, with fears that over one lakh jobs could be at risk, particularly in small-scale and labour-intensive units.

According to the Gem and Jewellery Export Promotion Council (GJEPC), the US is one of the biggest buyers of Indian jewellery, accounting for nearly 30% of the total exports.

Industry leaders warn that the new tariff could drastically reduce India's competitiveness, especially when compared to countries like China, Thailand, and Mexico, which either face lower tariffs or enjoy preferential trade agreements with the US. ...