Indian gem and jewelry industry leaders have a lot of insights to share on tariffs imposed by the USA. On that note, Dishi Somani, Founder, Dishis Designer Jewellery is speaking about the impact of the Indian gems and jewelry industry in India with the announcement.
India’s gem and jewelry sector has long been stood as a shining testament to the country’s rich cultural legacy, skilled workmanship, and growing economic strength. With its deep-rooted connection to heritage and artistry, the industry continues to evolve, embracing both traditional craftsmanship and modern design sensibilities. The recent tariff announcement is poised to create a dual impact on this dynamic sector, presenting both opportunities and challenges.
Additionally, the increase in tariffs on selected imported components aligns with the national vision of promoting local craftsmanship and self-reliance. It encourages homegrown brands to source materials locally and engage more deeply with regional artisans, thereby supporting thousands of skilled karigars who form the backbone of India’s jewelry-making ecosystem. This resonates deeply with our mission as a designer jewelry brand to revive and reimagine handcrafted jewelry rooted in Indian heritage. We believe this shift will further inspire innovation within the domestic landscape and bring renewed focus to the beauty and value of made in India jewelry.
However, the hike in import duties could also affect certain niche segments that rely on specific imported materials or components. These changes may influence cost structures and limit design possibilities in the short term. Yet, we view this not as a setback but as an opportunity to push the boundaries of creativity within the Indian ecosystem.
As a design-forward brand, we are committed to adapting thoughtfully. Our focus remains on blending traditional Indian artistry with contemporary design to cater to both domestic and global tastes. By working closely with local artisans and exploring innovative materials and techniques, we aim to continue creating meaningful, handcrafted pieces while proudly embracing the “Make in India” philosophy.
This transition marks a pivotal moment for the Indian jewelry industry, one where legacy meets innovation and craftsmanship finds renewed purpose.
– Dishi Somani, Founder, Dishis Designer Jewellery
