National News
GJEPC Conducts Successful Outreach at Mallapuram Members Meet
GJEPC made an impact at the AKGSMA Members Meet held at the Rose Lounge Auditorium, Mallapuram on 18 May, drawing an enthusiastic crowd of around 400 to 450 local jewellers in the state of Kerala.
Naheed Sunke, Assistant Director, GJEPC, gave an overview of the Council’s ongoing initiatives, while also highlighting the upcoming IIJS Premiere 2025. The event also featured a presentation by Murali Iyer from De Beers on the INDRA platform, further enriching the knowledge-sharing session.
In seminars targeted at regional jewellery communities, GJEPC provided detailed presentations on the advantages of GJEPC membership and government policies beneficial to MSMEs.They explained schemes like the International Cooperation (IC) scheme, Capacity Building scheme, and collateral-free loan options, all aimed at empowering small manufacturers.
National News
US Demand Slowdown Hits Diamond, Apparel, Exporters As Factories Shut and Orders Dry Up
A Dual Challenge Of Softening US Demand and Unpredictable Tariff Structures Is Creating Severe Operational Strain Across India’s Export-Driven Manufacturing Sectors.
A dual challenge of softening US demand and unpredictable tariff structures is creating severe operational strain across India’s export-driven manufacturing sectors. Key industrial hubs—specifically Noida’s garment manufacturing sector and Surat’s natural diamond cutting and polishing cluster—are implementing widespread austerity measures, downsizing workforce numbers, and extending holiday shutdowns to mitigate margin erosion.
US buyers are either delaying long-term commitments or demanding steep 20–30% price discounts to absorb potential tariff costs, forcing Indian factories to absorb overheads while revenue stays locked.
Surat’s diamond polishing units have stretched traditional Diwali holiday closures to 25 days this year, compared to 15 days in the previous year. Approximately 300 small-scale diamond cutting and polishing units have shut operations over the past six months,
Demand Drivers Behind the Slump:Weakened retail consumer demand across the United States.Persistent macroeconomic softness and subdued order volumes from China, another primary export market.
US Jewellery Companies Continued To Shrink In The Third Quarter:JBT
US Demand Slowdown Hits Diamond, Apparel, Exporters As Factories Shut and Orders Dry Up
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