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The Times of India

Business / The Times of India

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Diamond exports to US halve as 50% tariffs bite

India's diamond exports to the US have significantly declined due to a 50% tariff, impacting the industry. Despite this, stakeholders remain hopeful for a trade deal that would eliminate tariffs on natural diamonds. The US remains a crucial market, with India poised to become the second-largest consumer of natural diamonds globally.

8 Jan 2026 1:48 am