Mumbai Customs clears US-bound shipment of cut and polished diamonds worth $319.9 million

Mumbai saw a surge in diamond exports to the US before new tariffs. The industry fears trouble after April 9. Martin Rapaport advised against exporting diamonds from the US. Experts believe US retailers might profit initially. The Surat Diamond Bourse could face challenges. Reduced demand may lead to production adjustments. However, some expect the US to continue buying Indian diamonds.