New Delhi., July 17 -- With the United States considering increased tariffs on Chinese-origin goods - including Indian jewellery items processed using Chinese raw materials - the Indian gems and jewellery industry is eyeing new export markets.
The Middle East, particularly the UAE, is emerging as a strong alternative, thanks to the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Surat, a major hub for diamond and gold jewellery manufacturing, is likely to be impacted if the US implements the proposed 50% tariff on such goods.
The concern stems from the fact that many Indian jewellers import gold, diamonds, and other raw materials from China.
Under US rules, goods that contain over 35% Chinese material fall under the cat...
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