Indian diamond industry hit hard by US duties

Diamond exports from India have plummeted to a 20-year low, primarily due to weak demand from China. At the same time, the looming increase in U.S. tariffs under President Donald Trump threatens to cut off access to the country's largest market, which accounts for roughly one-third of the global supply of precious stones and jewelry, valued at around $28.5 billion annually, Azernews reports.

Access to paid information is limited

Find the plan that suits you best.