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US-China trade war: India's gem and jewellery export gets a boost

If the tariff is actually implemented, China's gold jewellery export to US will not be viable and Indian exporters will get an opportunity to fill that gap

craft, gems
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Rajesh Bhayani Mumbai
The US government announcing a 10 per cent tariff covering new commodities imported from China has some good news for India's gem and jewellery industry.

The 10 per cent tariff, starting September 1 if China's government does not give satisfactory reasons against it, will apply to rough and polished diamonds, rough and polished “synthetic gemstones” as well as “jewellery articles of precious or semi-precious stones" coming into the US from China.  

Paul Zimnisky, a diamond analyst and consultant in New York, said: “The US imports less than 1 per cent of loose polished diamonds from China but 15 per cent of jewellery.

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First Published: Aug 06 2019 | 12:49 AM IST

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