Fresh tariff blow to diamond export hub Surat

Fresh tariff blow to diamond export hub Surat

US Trump Tariffs Impact on India: Industry seeks help of Govt, hopes US partners will bear part of burden.

Surat's Sparkle Dims: Know How U.S. Tariffs Threaten to Shatter India's Diamond Hub

Crisis in the Diamond CapitalSurat, the undisputed global hub where eight out of every ten diamonds are cut and polished, is facing an existential threat. Already grappling with a prolonged market slowdown, the city's massive diamond industry has been rocked by the United States' decision to impose a steep new tariff on Indian gems and jewellery. This move, coming just as businesses were preparing for the critical Christmas season, has sent a sh…