HRD Antwerp Expands Amid Tariff Uncertainty: A New Gem in Kolkata
With US tariffs impacting Indian diamond exports, HRD Antwerp sees opportunities, opening a new office in Kolkata. This expansion reflects a strategic move to strengthen its presence in India and offer certification services. Industry leaders stress the importance of certification amidst shifting global trade policies and consumer trust.
- Country:
- India
As the United States imposes high tariffs on Indian diamonds and jewellery, Europe's HRD Antwerp questions the longevity of such policies, expecting rapid changes.
Amid the turmoil, the certification authority has expanded its presence in India by launching a new office in Kolkata, aiming to boost local exporters and consumer confidence.
Industry experts voice concerns over the tariffs' impact on India's gems and jewellery sector, emphasizing the growing importance of certification in accessing markets and maintaining trust. HRD Antwerp's expansion is a strategic response to these challenges.
(With inputs from agencies.)
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