International News
US court rules Trump’s recently imposed tariffs are illegal
A United States court has once again ruled against most of President Donald Trump’s recently imposed tariffs. This is the second such decision in four months.
The US Court of Appeals for the Federal Circuit, in a 7-4 ruling, declared that the law Trump used—the International Emergency Economic Powers Act (IEEPA)—does not give the president the authority to impose tariffs on imports. Instead, the court stated that this power lies only with Congress.
The judges explained that the Constitution gives Congress the exclusive right to impose taxes and tariffs. If Congress chooses to share that power, it must do so clearly. According to the court, allowing the president to levy tariffs without Congress would break from long-standing American traditions.
The ruling will take effect on October 14, unless Trump appeals to the Supreme Court, which he has already promised to do. In response, Trump wrote on his social media platform, Truth Social, that the court’s decision was wrong and politically motivated. He warned that removing tariffs would be disastrous for the United States.
Since April, Trump has imposed tariffs ranging from 10% to 50% on many countries, including India, the world’s largest diamond manufacturer. These tariffs have disrupted global trade, and industry groups are lobbying the administration to exempt diamonds from the duties.
The National Retail Federation (NRF) also reacted to the court’s ruling. The group said that the ongoing conflict between the courts, Congress, and the administration is hurting retailers. Tariffs, they argued, increase costs throughout the supply chain and lead to higher prices for American consumers. The NRF expressed hope that the Supreme Court will resolve the issue quickly to bring stability to businesses and the economy.
International News
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
Buyers, Institutional Investors, and Jewelers Are Guaranteed Strict Adherence To Exact Quality, Testing, and Traceability Standards. Silver From Any BIS-Approved Refinery Ensures A Verified Fineness and Purity
GJEPC has brought a delegation of 17 leading Indian jewellery manufacturers to Paris for an intensive three-day programme aimed at building business, design collaboration, and long-term partnerships with French buyers, retailers, designers, and luxury brands.The delegationwas led by Shaunak Parikh Vice Chairman, GJEPC
The strategic trade mission comes as India’s gem and jewellery exports to France surged 19.72% year-on-year, reaching US$ 478.78 million in FY 2025–26 (up from US$ 399.93 million in FY 2024–25). Key drivers of this growth include:
- Gold Jewellery Exports: US$ 159.53 million (+18.69%)
- Cut & Polished Diamonds: US$ 204.07 million (+4.69%)
Despite rapid growth, India currently holds a 3.8% share of France’s total US$ 12.61 billion gem and jewellery import market, highlighting significant untapped potential for Indian exporters.
Strategic Briefing at the Embassy of India
The delegation’s engagement commenced on 13 October with an expert briefing at the Embassy of India in Paris on “The French Market & the Marketing of Desirability.” The session focused on French consumer trends, luxury brand positioning, sustainability, and market entry strategies. Key insights were delivered by:
- Anish Kumar Singh, GJEPC Representative for France & Founder, Bhartiya Paris Club
- Dr. Marta Marcheva, Executive Director, Institut Sup de Luxe
- Céline Dassonville, CEO, ethiwork
The three-day initiative includes market visits, knowledge sessions, and high-level networking, culminating in an exclusive Buyer-Seller Meet (BSM) on 15 October 2026 at the Marriott Champs-Élysées, Paris.
Participating Indian Companies
The 17 Indian manufacturers representing the country’s high-end craftsmanship and design capabilities are: Asian Star Co. Ltd, DNJ Creation LLP, Fine Jewellery Manufacturing Ltd, Goldstar Jewellery Pvt. Ltd., KGK Creations (India) Pvt. Ltd., Malya Jewel Craft, Neysa Jewellery Ltd, NTS Navrattan Jewellers Pvt. Ltd., Patdiam Jewelry Ltd, Priority Jewels Ltd, Renaissance Global Ltd, S. Vinod Kumar Diamonds Pvt. Ltd., Sunjewels Pvt. Ltd., Supergems Jewellery, Tanvirkumar & Company, UniDesign Jewel, and Walking Tree Atelier Pvt. Ltd.
India Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
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National News2 hours agoBIS Introduces The Silver Refinery Certification Scheme; Framework Introduces “India Good Delivery For Silver”
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National News4 hours agoAspect Bullion & Refinery Launches “India’s Biggest Gold Fest” With Zero Making Charges On Gold Coins and Bars
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National News4 hours agoGJEPC, ECGC Programme Underlines Recent Changes In Export Credit Insurance For The GJ Sector.
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International News1 hour agoIndia Delegation Arrives In Paris For Three Days Of Learning, Business & Collaboration
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