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Jobs Lost, Exports Down: India's diamond industry crisis explained | Trump tariffs | Business news

Last Updated: Aug 16 2025 | 11:56 PM IST

US tariffs have hit India’s diamond industry hard, costing nearly 1 lakh jobs, slashing exports, and rattling stock markets. From Gujarat’s shuttered polishing units to Dalal Street’s decline, we break down how a 50% duty is cutting deep into one of India’s most glittering trades.

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