US Tariffs Cripple India's Diamond Exports, Industry Seeks Urgent Govt Aid

• US President Donald Trump's additional 25% tariff, totaling 50%, severely impacted Indian diamond exports.
• Exports declined by nearly 50%, leading to factory closures and 1.5 lakh job losses in Surat.
• The industry is shifting towards lower-margin lab-grown diamonds and facing severe worker impact.
• Exporters seek urgent government support, including worker assistance, subsidies, and eased compliance norms.
• The industry hopes for an early Indo-US trade agreement and warns against skilled labor loss.

Why It Matters: India's diamond industry faces severe crisis due to US tariffs, urging immediate government intervention.