Hong Kong jeweler has recompensed those who lost money.
Qatar Diamond Exchange Partners with Three Asian Bourses
Counterparts in Singapore, Shanghai and Tokyo signed MoUs to increase collaboration within the gem trade.
Trump Tariffs Put Diamond Trade in Worst of Both Worlds
The market yearned for clarity. It got more uncertainty at a higher price.
When this reporter started writing this story, tariffs on imports on Indian goods into the US were 10% and were going to rise to 25% on August 7. By the time the article was done, US President Donald Trump had announced this would increase to 50% on August 27. The pace of change and depth of uncertainty are the cause of the pain the trade is feeling.
Only now, that insecurity is combined with sky-high tariffs, for the short term at least.
America’s levies on Indian products are devastating for the diamond industry. The south Asian country manufactures more than 90% of the world’s polished stones…
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