In this photograph taken on April 9, 2025, an employee checks the finishing of a wedding ring during quality control at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee checks a pendant during a cleaning process at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee applies lacquer on wedding rings for rhodium plating at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee applies lacquer on a wedding ring for rhodium plating at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee applies lacquer on a wedding ring for rhodium plating at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee applies lacquer on a wedding ring for rhodium plating at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee checks wedding rings before export shipment at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, employees check jewellery before export shipment at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee sets diamonds onto a gold jewellery at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee takes out a wax cast of a wedding ring from a rubber mould at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee polishes a wedding ring at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee prepares a sample wedding ring at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE

In this photograph taken on April 9, 2025, an employee sorts diamonds at the manufacturing unit of Creations Gems & Jewellery Pvt. Ltd., in Mumbai. India's gems and jewellery industry is breathing a momentary sigh of relief after US President Donald Trump paused harsh tariffs that threatened to impact lucrative exports and tens of thousands of jobs. Key manufacturing and processing hubs across the country were hit as exporters and buyers worried over how they would absorb Trump's gruelling 26 percent tariff on a multi-billion dollar industry. (Photo by Indranil MUKHERJEE / AFP) / TO GO WITH: India-US-Tariff-Trade-Jewellery, REPORTAGE