The United States is set to impose higher tariffs on imported diamonds, a move that could severely impact India's diamond processing industry—one of the largest in the world. India, which cuts and polishes over 90% of the world's diamonds, stands to lose significantly in terms of exports and employment.
Industry experts warn that the new duties will make Indian diamonds less competitive in global markets, particularly in the U.S., a major buyer. Thousands of jobs in Gujarat's Surat region—India's diamond hub—could be at risk if the tariffs remain in place.
Business groups and trade bodies are urging the Indian government to negotiate with U.S. authorities to soften the blow. Without a solution, the ripple effect might extend across the supply chain, affecting miners, traders, and artisans alike.
This development adds to the growing tension in global trade and highlights the vulnerability of export-dependent industries like diamond processing.