Indian Jewelry to Become More Expensive

Jewelry from India and Thailand imported into the United States will now bear a 5.5 per-cent duty, the result of changes being made in America's Generalized System of Preferences, which aims to help developing countries by lowering their import tariffs. Sterling Jewelers Inc. and associations like Jewelers of America lobbied against the move to reimpose the duty, which was made by the Bush administration in June. The decision had been expected for some time but was unexpectedly postponed at the end of last year when the GSP program was renewed. (See “Indians and Thai Jewelry Industries Threatened by GSP Fate,” JCK, November 2006, p. 31.) India has imported its jewelry duty free since 2001, and Thailand has not had a duty for “decades,” reports say. The reinstated 5.5 percent levy, which went into effect in July, will make Indian jewelry more expensive, manufacturers complain.
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