Jayesh Patel, a diamond manufacturer and trader, believed that every country has its own policy, and as the US is a large market, the diamond industry will face certain challenges. He further stated that if the tariffs continue in the future then they will find markets in other countries.
The impact of the proposed reciprocal tariffs by the United States on India will depend on how the policy is implemented--whether on a sectoral basis or a product-specific basis.