The Indian gem and jewellery industry is seeking alternative markets like Latin America, Vietnam, and Saudi Arabia to mitigate potential US tariffs. The industry aims to reach $70 billion in exports by 2030 and is optimistic about strong domestic growth and new organized players entering the market.

Canada’s apparel imports from Vietnam grew by 5.44 per cent to $1.62 billion in 2024, securing a 14.87 per cent market share, second only to China (29.57 per cent).
Overall apparel imports slightly declined to $10.836 billion.
Vietnam’s home textile exports to Canada remained minimal, at $52.34 million.
Despite past growth, home textile imports from Vietnam have remained steady since 2023.

US tariffs on Chinese women’s cotton trousers (HS 620462) are reshaping the market.
Bangladesh, with a high RCA of 72.80 and UVR of $15.62/kg, is poised to benefit.
China’s low UVR of $8.31/kg is offset by a 20 per cent tariff from March 4, 2025, reducing its competitiveness.
Pakistan’s strong RCA of 67.61 and UVR of $15.93/kg suggests potential growth.

Bonkers Corner is set to invest Rs 60 crore in a new sustainable manufacturing unit in Murbad, Maharashtra, increasing its production capacity to 4 lakh pieces per month. The brand is also planning to open 15 new stores in North India and expand internationally starting with Dubai and Gulf countries.

With the US imposing higher tariffs on Chinese exports of men’s cotton trousers (HS 620342), Bangladesh is poised to strengthen its lead in the market.
Its high RCA and low UVR give it a strong price advantage.
Meanwhile, Pakistan emerges as a competitive alternative, while Mexico and Vietnam face headwinds due to higher prices and weaker comparative advantages.

Nike has reaffirmed its outlook for H2 FY25, driven by its ‘Win Now’ strategy, aligning with earlier guidance.
CEO Elliott Hill and CFO Matthew Friend expressed confidence in the brand’s momentum and innovation focus.
In Q3 FY25, revenue declined 9 per cent to $11.3 billion, with net income down 32 per cent to $0.8 billion and EPS falling 30 per cent to $0.54.

Caleres has reported net sales of $2.72 billion in FY24, down 3.4 per cent YoY, with Q4 sales falling 8.3 per cent YoY.
FY25 guidance includes flat to ±1 per cent sales growth, EPS of $2.80–$3.20, and 75 per cent of Brand Portfolio sourcing outside China by the second half.
The Stuart Weitzman acquisition is expected by summer 2025, as the company adopts a cautious outlook.

AS Roma midfielder Niccolò Pisilli becomes the first Italian footballer to join Skechers, wearing the SKX_1.5 Elite boots.
A rising talent for club and country, he will lead Skechers Football campaigns in Italy.
Known for his versatility and skill, Pisilli joins as Skechers expands its innovative football boot range, including the Electrum Pack and Razor speed boot.

Parnika India is set to expand its operations to southern and eastern India and diversify its product lines to include uniforms and men’s wear. The company aims to achieve Rs 160 crore in revenue by FY 25-26 and emphasizes empowering women, with a goal of at least 50% female staff.

Agilitas Sportswear has appointed Ajay Kumar Pandey as director – quality, production, technical & manufacturing excellence.
With over 25 years of experience, including a key leadership role at Puma, Pandey is known for driving global quality, innovation, and manufacturing excellence.
He will lead production, technical operations, and order management.