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Surat Diamond Crisis: Exports Wrecked By Brutal US Tariffs

September 3, 2025
National

Surat (Gujarat) [India], September 3: The sparkle has dimmed in Surat. America’s 50% tariff on Indian diamonds has hit the city’s famed cutters and polishers where it hurts most: cancelled orders, ballooning costs, and an uncertain future. US Tariffs Choke Surat’s Lifeline On August 27, Washington’s new 50% tariff on Indian diamond imports officially kicked […]

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diamond exports

Surat Diamond Crisis: Exports Wrecked By Brutal US Tariffs