US tariff relief adds sparkle to Indian diamond trade as polishers eye 6-7% revenue growth; Mideast conflict a concern

The Indian diamond polishing industry is poised for a promising fiscal 2027, with revenue growth projected between 6% to 7%. This positive outlook is largely attributed to recent reductions in US tariffs on diamond imports, which are expected to significantly enhance export opportunities for Indian polishers. The easing of tariffs comes at a crucial time as the sector seeks to rebound following challenges posed by global economic fluctuations and the ongoing conflict in the Middle East, which remains a concern for market stability. Indian diamond polishers, who play a vital role in the global supply chain, are optimistic that the favorable tariff environment will not only increase demand but also strengthen their position in international markets. As they prepare to capitalize on these changes, industry stakeholders are closely monitoring geopolitical developments that could impact trade dynamics in the coming years.