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flag US tariffs threaten Indian diamond exports, risking revenue drops and job losses in the sector.

flag Indian polished diamond exports to the US, accounting for 35% of total exports, face challenges due to new US tariffs. flag The demand for natural diamonds in the US has slowed, and the US share in polished diamond exports fell to 24% in the first quarter of this fiscal year from 37% last year, post a 10% tariff announcement in April. flag Indian diamond polishers, operating on thin margins, may see their revenue decrease by 20-25% to $10-11 billion, potentially leading to job losses and higher prices for US consumers.

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