Day: 23 September 2025

India’s diamond industry faces a precarious future as the U.S. imposes a staggering 50% tariff on cut and polished diamonds. With Gujarat, Rajasthan, and Maharashtra bearing the brunt of this economic blow, calls for government intervention are growing louder. The Gems and Jewellery Export Promotion Council warns that around 1.7 lakh jobs are at risk, with small and medium-sized enterprises particularly vulnerable. Industry leaders advocate for extending export obligations and a hefty bailout package of ₹500 crore to mitigate the impact, stressing the urgent need for support to safeguard a sector crucial to India’s economy.

India’s diamond and jewellery sector is reeling from the U.S. implementing a hefty 50% tariff on cut and polished diamond imports, jeopardizing 170,000 jobs primarily in Gujarat, Rajasthan, and Maharashtra. Industry leaders are urgently calling for government intervention, including extended export periods and financial incentives, to safeguard the livelihoods of 820,000 workers as major MSMEs face an existential crisis. With the U.S. accounting for 30% of India’s gem exports, the stakes have never been higher for this beleaguered industry.

The Goodwood Revival has once again provided an immersive journey into the world of classic automobiles, drawing enthusiasts from far and wide despite the chilly English weather. Attendees embraced the elements with traditional attire, while rare vintage watches emerged as prominent highlights, each telling a unique story of personal significance. As cars and community spirit celebrated the past, it became clear that this event goes beyond racing—it’s a heartfelt tribute to the connections forged within the automotive world.

India’s diamond and jewellery industry is facing a significant crisis following the U.S. imposition of a staggering 50% tariff on diamond exports. The move threatens to disrupt the livelihoods of approximately 1.7 lakh workers, particularly within small and medium enterprises that dominate the sector. Key states such as Gujarat, Rajasthan, and Maharashtra are expected to bear the brunt of job losses. Industry leaders are urgently calling for government intervention, including an extended export obligation and a ₹500 crore bailout package, to shield the sector from potential collapse amid escalating financial pressures.