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US tariffs threaten Indian diamond exports, risking revenue drops and job losses in the sector.
Indian polished diamond exports to the US, accounting for 35% of total exports, face challenges due to new US tariffs.
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.
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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Los aranceles estadounidenses amenazan las exportaciones indias de diamantes, arriesgando caídas de ingresos y pérdidas de empleos en el sector.