"Imposing of 10% U.S. tariff under the new Section 301 regime, which is not at all justified, remains a challenge for India's gem and jewellery exports, particularly as key competing trading centres in diamond continue to enjoy duty-free access for natural diamonds. While India's placement in the lower tariff band offers some relative competitiveness in terms of jewellery, bridging the remaining tariff gap through an early India–U.S. Bilateral Trade Agreement and securing tariff relief for natural diamonds and coloured gemstones as provided to countries like EU, Malaysia remain our key priorities."

"The opening of our boutique in Kolkata marks a significant milestone for Forevermark Diamond Jewellery as we expand our retail footprint with our 10th store in India. Kolkata’s deep appreciation for craftsmanship, heritage and timeless elegance makes it a natural home for our brand. We are delighted to bring our meticulously crafted natural diamond jewellery and signature retail experience to South City Mall, and look forward to celebrating our customers’ most meaningful moments with jewellery that is as rare, beautiful and enduring as the memories it represents."