India’s gem sector regains shine beyond US as exporters pivot to Asia, Middle East

India’s gem and jewellery exports, among the country’s biggest earners, are rebounding in ways that reflect a successful push to diversify trade away from the United States amid higher tariffs and a tougher global trade environment, analysts and industry executives have said. The industry’s shipments rose 19.64 per cent year on year to US$2.51 billion in November, even after Washington imposed tariffs of up to 50 per cent on Indian goods – a move that had initially raised fears of a sharp hit to...