US tariff shock: Gujarat’s diamond hubs suffer as export...

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US tariff shock: Gujarat’s diamond hubs suffer as export orders dry; 1 lakh jobs gone

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The US tariff hike on diamonds has led to nearly 100,000 job losses in Gujarat's Saurashtra region, impacting small units in Bhavnagar, Amreli, and Junagadh. Export orders have been delayed or cancelled, forcing businesses to consider layoffs and reduced production. Industry representatives are urging the government to expedite trade talks and provide support to mitigate the tariff's impact.

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