India’s diamond industry is facing significant challenges as escalating tensions in the Middle East disrupt global trade and consumer demand. The conflict has contributed to logistical hurdles and increased shipping costs, while geopolitical uncertainty has dampened luxury spending in key international markets. Diamond processing hubs, particularly in Surat, are reporting reduced orders and economic strain. These disruptions come at a time when the sector is already navigating broader economic shifts, further impacting the livelihoods of millions of workers involved in the trade.
- Tensions in the Middle East are causing disruptions in the global diamond supply chain and impacting essential trade routes.
- Indian diamond exporters are reporting a decline in demand from international buyers due to heightened geopolitical instability.
- Increased freight and insurance costs are reducing profit margins for cutting and polishing units across India.
- Surat, which processes approximately 90% of the world’s diamonds, is experiencing a notable slowdown in manufacturing activity and labor demand.
- The regional conflict adds additional pressure to a sector already struggling with a general global decline in luxury spending.
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ask ur pm … who visited israel just before the war
It's more to do with china flooding the market with artificial diamonds.
Crashed the market entirely.
And of course the walues of the diamond 💍😅
Workers in the Indian city of Surat cut and polish most of the diamonds sold around the world. Since the Iran war, work has dried up, forcing workers into poverty and in some cases even suicide
what about lab diamonds for supply
or is it the global oligarchs have become too greedy?
Low wages, high cost of living and no extra income for shiny rocks
Diamonds are worthless anyways. No one should care if people involved in blood diamond trade loses their jobs.
Modi hai to munkin hai
There is a glut of natural transparent diamonds competing with synthetic ones. Their price has been declining for decades. Cutting and polishing is a low margin job to begin with. Money are in rubies, emeralds, pearls and other gems.
This video is wrong because India, which polishes 90% of the world's diamonds, gets its stones by air from Africa, meaning only Russia is affected by the war and diamond prices haven't jumped; the real reason for job losses is that lab-grown diamonds lowered the value and demand of natural ones, and even De Beers is being sold.
They must ask US & ISRAEL (they did this) for help!!! That’s why NATO support them – not to have crisis!