National News
India gets tariff relief as US announces 90-day reprieve
In a significant shift in U.S. trade policy, President Donald Trump announced a 90-day pause on increased tariffs for over 75 countries that refrained from retaliating against earlier U.S. import duties. The move marks a strategic softening in response to market pressures and ongoing global trade tensions—particularly with China.
- Tariff Reprieve for Over 75 Nations:
- A 90-day pause on higher tariffs announced for countries that have not retaliated against U.S. import levies.
- These countries will face a reduced 10% reciprocal tariff during this period.
- India is among the key beneficiaries, having opted for diplomatic dialogue over retaliation.
- India’s Position:
- Faced a previous 26% tariff under U.S. policy.
- Chose not to impose counter-tariffs, instead engaging diplomatically.
- High-level talks held between India’s External Affairs Minister S. Jaishankar and U.S. Secretary of State Marco Rubio aimed at a bilateral trade deal.
- Escalation with China:
- China responded to initial U.S. tariffs (20%, 34%, then 50%) with its own 84% tariff on American goods.
- In response, Trump announced a new 125% tariff on Chinese imports.
- Trump cited China’s “lack of respect” for global trade norms as justification.
- Market & Business Reaction:
- The pause in tariffs led to a strong rally in global stock markets, adding $1.5 trillion in value.
- Influential investors like Bill Ackman supported the move.
- Internal dissent continued, with Tesla CEO Elon Musk
National News
DGSL launches India’s first structured insurance appraisal service for GJ sector
DGSL, one of India’s leading gems and jewellery testing and certification authorities, has announced the launch of specialized Insurance Appraisal Services for gems and jewellery, introducing what it describes as the country’s first structured, standards-driven appraisal service dedicated to insurance documentation.
The initiative seeks to address a long-standing gap in the Indian market, where jewellery insurance documentation has often lacked standardized gemological evaluation and globally aligned valuation methodologies / practices.
With the rising value of fine jewellery collections, heirloom pieces, and investment-grade gemstones, the demand for precise and internationally compliant insurance appraisals has grown significantly. DGSL’s appraisal reports include detailed gemstone identification, grading analysis, market-aligned valuation methodology, high-resolution imaging, and clearly defined value conclusions prepared specifically for insurance coverage purposes.
The reports aim to provide clarity and reliability for clients, insurers, and financial institutions by ensuring accurate replacement value assessments and minimizing ambiguity during insurance claims.
In a parallel development, Atul Jain, Director at DGSL, has been granted membership in the National Association of Jewelry Appraisers (NAJA), one of the world’s most respected professional organizations dedicated to jewellery appraisal standards, ethics, and professional education.
Jain, a Graduate Gemologist with more than four decades of experience in the jewellery trade, has played a significant role in gemological education, diamond grading, and jewellery authentication in India. His professional expertise spans natural diamonds, coloured gemstones, antique jewellery evaluation, and market advisory.

Atul. Jain said, “The introduction of structured insurance appraisal services marks an important evolution for the Indian jewellery industry. Jewellery today represents not only adornment but also heritage, investment, and emotional legacy. It deserves documentation that meets global standards of accuracy, transparency, and credibility.”
DGSL’s Insurance Appraisal Services will cater to private collectors, high-net-worth individuals, jewellery retailers, estate planners, financial institutions, and insurance providers. Each appraisal follows internationally accepted valuation principles while being adapted to the dynamics of both the Indian and global jewellery markets.
With over two decades of excellence in testing and certification, DGSL has built a reputation grounded in scientific accuracy, ethical practices, and client trust. The addition of Insurance Appraisal Services further strengthens DGSL’s position as a comprehensive authority in gemological certification and valuation.
This initiative sets a new benchmark for professionalism within India’s gems and jewellery sector, ensuring that valuable jewellery assets are not only authenticated but also properly valued and protected.
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