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Antwerp’s Diamond Trade Sees Positive Momentum
Combined imports and exports up 9% in value and 14% in volume year on year in first half.
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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