None
EN
US tariffs deepen the crisis in Gujarat’s diamond industry
[]
India’s National Fortnightly Magazine
The diamond cutting and polishing industry in Gujarat is one of the world’s largest.
As of now, the Surat Diamond Association (SDA), India’s largest body of diamond manufacturers, is hopeful that the crisis will end in the coming months.
It will compensate for the US losses to some extent.”A diamond business insider informed Frontline that many big diamond traders are mulling tie-ups with companies in Thailand and Hong Kong.
The diamond industry has traditionally been dominated by family-owned enterprises.
I know they won’t leave me hungry.” While such bonds have created a niche culture in Surat’s diamond industry, the financial stress is pushing these relationships to the verge of breaking.
['unit'
'business'
'surat'
'war'
'sda'
'tariffs'
'workers'
'work'
'industry'
'diamonds'
'gujarat'
'russiaukraine'
'reels'
'labourers'
'diamond']