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US President Donald Trump’s plan to tighten immigration and the rules for H-1B visas, has the potential to impact jewellery consumption in India — in the immediate future at least. The consumption of jewellery requires economic prosperity. The US H-1B visa has delivered substantial economic prosperity to a large number of Indians.
As the world confronts increasingly inward-looking and protectionist political agendas in the US and the UK, with many European countries threatening to follow suit and the looming threat of a trade war between the US and China, the global gem and jewellery industry, with its continent-spanning production pipeline, appears increasingly vulnerable to disruption and a downward spiral in business.