National News
Trump tariffs bring India GJ exports to standstill; industry hopes for a swift resolution
A sudden 26% tariff imposed by the U.S. administration on Indian gems and jewelry has effectively brought exports to a standstill, leaving industry leaders scrambling and buyers hesitant, according to sector representatives. The industry now hopes for a swift resolution through government negotiations within the next three months.

“Starting tomorrow, I don’t see any exports going to the USA,” said Adil Kotwal, Chairman of the SEEPZ Gems and Jewellery Manufacturers’ Association (SGJMA). “Everybody has told us to put all orders on hold. They have told us to manufacture it and keep it ready for them.”
The short-term consequences are expected to be substantial. Approximately 64% of jewelry exports from SEEPZ, amounting to roughly $3.5 billion, are destined for the U.S. market. The tariff hike, escalating from 6% to 26%, has significantly increased upfront duties, placing pressure on exporters’ liquidity. For a million-dollar consignment, duties have surged from $60,000 to $320,000.
U.S. retailers, having recently stocked up for Mother’s Day, are currently refraining from placing new orders. “Retailers in the United States right now have enough stock for the next three months, so they are not in any rush,” Kotwal noted.While bilateral talks continue, industry leaders remain optimistic about a timely resolution. “The government has been in touch with us. And I believe that in the next three months, some resolution should come about,” Kotwal said. He added that the Indian government is advocating for a bilateral trade agreement, and that, while the 26% tariff is deemed unsustainable, a 10% rate would be more acceptable to the sector. “I think around 10%, we’ll all be very comfortable with that.”
Beyond the U.S., exporters are monitoring other key markets. Ray noted that initial optimism following the Hong Kong show in March regarding diamond exports to China has been overshadowed by the new tariff uncertainty. “If you are looking at the two big upper-end diamond markets, they are the US and China. That’s where the focus is,” he explained.
The Middle East, another important market for Indian gold jewelry, faces challenges due to rising gold prices and concerns about crude oil and consumer spending, adding to the sector’s concerns.
The industry is now anticipating a difficult period while awaiting the outcomes of trade discussions. With the U.S. accounting for $10 billion of India’s gems and jewellery exports in FY24, a resolution is deemed crucial for the sector’s long-term health.
National News
Abaran Timeless Jewellery Champions Heritage Conservation To Safeguard Traditional Craftsmanship
Support For Hastashilpa Heritage Village Reflects A Commitment To Preserving India’s Architectural and Artisanal Legacy For Future Generations.
As India’s historic buildings continue to face mounting pressure from urbanisation, redevelopment, and changing lifestyles, concerns are growing not only about the loss of architectural landmarks but also the disappearance of the traditional skills and craftsmanship that created them. Recognising this challenge, Abaran Timeless Jewellery has extended its support to Hastashilpa Heritage Village, reinforcing the importance of preserving cultural heritage and artisanal knowledge.
Through the Abaran Foundation, the philanthropic arm of the Bengaluru-based jewellery house, the company supports a range of initiatives spanning education, healthcare, community welfare, arts, and heritage conservation. Its association with Hastashilpa Heritage Village reflects a deeper commitment to protecting India’s rich cultural legacy beyond the jewellery industry.




Located in Manipal, Hastashilpa Heritage Village is regarded as one of India’s most significant heritage conservation projects. Founded by conservationist Vijaynath Shenoy, the village has successfully rescued and reconstructed traditional homes from across coastal Karnataka, preserving architectural styles and craftsmanship that may otherwise have been lost to neglect or redevelopment.
The conservation process shares many similarities with the art of jewellery making. Every carved beam, decorative element, and handcrafted detail requires meticulous documentation, restoration, and respect for traditional techniques. Much like restoring an heirloom jewel, preserving heritage architecture demands both technical expertise and cultural sensitivity.
For Pratap Kamath, Managing Director of Abaran Timeless Jewellery, the initiative holds personal significance. He noted that the heritage village is located in Udupi, where Abaran was originally founded by his grandfather, Sri Sadanand Kamath. According to Pratap Kamath, the company was inspired by the efforts to preserve heritage homes that might otherwise have vanished as younger generations moved away in search of new opportunities.
His observations reflect a wider concern within the luxury and craft sectors. Whether restoring a centuries-old structure or creating a handcrafted jewel, both disciplines depend on knowledge and expertise that cannot be easily replicated through mass production. Once lost, such skills are extremely difficult to recover.
At the same time, consumers are increasingly drawn to brands that demonstrate authenticity, cultural relevance, and a commitment to preserving heritage. As a result, heritage conservation is evolving from a philanthropic activity into an important reflection of a brand’s values and identity.




Initiatives such as Hastashilpa Heritage Village serve as an important reminder that heritage extends beyond products—it also includes the ecosystems of craft, culture, knowledge, and tradition that make those creations possible.
As India’s architectural treasures and jewellery traditions navigate similar challenges, efforts to preserve one may ultimately help protect the other, ensuring that valuable skills and cultural legacies continue to inspire future generations.
-
BrandBuzz1 day ago“Artificial Do. Silver Lo” – GIVA Brings Back Its Most Loved Exchange Fest Across 350+ Stores Nationwide
-
National News22 hours agoMalabar Group and Institute Of Palliative Medicine Launch ‘Malabar Care Connect’ To Expand Access To Palliative Care
-
DiamondBuzz21 hours agoUS Diamond Acquisition Study By De Beers Suggest That Diamonds Continue To Hold Strong Emotional and Aspirational Appeal For Today’s Consumer
-
National News1 day agoMCX Gold, Silver Rise On US-Iran Diplomatic Breakthrough

