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US Tariffs to Hurt Diamond Biz: Crisil
Mint Hyderabad
|August 29, 2025
US President Donald Trump's decision to double tariffs on imports from India threatens to take the sheen off the country's diamond polishing industry, concentrated in Prime Minister Narendra Modi's home state of Gujarat.
India's natural diamond polishing industry is staring at its worst year in nearly two decades, with revenues projected to fall nearly 22% to about $12.5 billion in FY26, from $16 billion last year, accor
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