New Delhi, April 4 -- The US government, under President Donald Trump, has announced a steep 27 per cent tariff on the gems and jewellery industry, raising concerns among Indian exporters.

The United States, a major importer of Indian jewellery, accounts for nearly one-third of India's USD 32 billion gem and jewellery exports.

The new tariff changes will significantly impact various product categories, including cut and polished diamonds, which were previously duty-free but will now attract the 27 per cent levy.

Gold and platinum jewellery will face tariffs of 32-34 per cent, while silver jewellery could see a duty as high as 40.5 per cent. Additionally, lab-grown diamonds and imitation jewellery will also experience considerable hikes...