Surat's Diamond Trade Faces Uncertainty

  Published 1 year ago

Surat, India, a global diamond hub, conducts a surprisingly casual yet complex trade directly on the streets. Facing challenges from the lab, grown diamonds, sanctions, and especially US tariffs under Trump, the future of this generational industry is at risk.

  • Surat cuts & polishes 80% of the world’s diamonds.
  • US tariffs threaten export revenue by 50%.
  • Trade relies on trust & informal credit.

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