Surat Diamond Sector Crisis

The Surat diamond sector is facing a sharp downturn. Global demand has dropped, especially in the U.S. and China. As a result, many local units are reducing operations or shutting down.

Competition from lab-grown diamonds is rising quickly. These alternatives are cheaper and widely accepted in Western markets. In addition, the U.S. has imposed fresh import tariffs on natural diamonds, worsening the situation.

Consequently, thousands of workers have lost their jobs. The once-bustling polishing units are struggling to stay afloat. To revive the industry, leaders are exploring new markets. Europe and the Middle East are now key focus areas.

Moreover, exporters are urging the government for policy support. They believe strategic trade partnerships can help stabilize the market and restore growth. With timely intervention, Surat may once again shine as the global diamond hub.

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