Surat exporters raise concern as West Asia conflict disrupts jewellery trade

The ongoing conflict in the Middle East following the joint military action by the United States and Israel against Iran is expected to significantly impact India’s gems and jewellery sector, particularly exports and imports to Israel and Dubai, industry stakeholders told Business Standard.

Speaking to ANI, diamond trader Dinesh Navadiya said the escalating tensions and disruption in international flight operations could adversely affect trade flows, especially high-value diamond exports.

He further stated that imports from Israel in 2024-25 were valued at USD 259.17 million, while exports between February 2025-26 stood at USD 337.07 million, reflecting steady growth, particularly in high-value and solitaire diamonds.

“Israel is a major market for raw materials and high-cost diamonds. Due to the war, tension in the industry will increase. International flight delays, airport closures in Israel and many countries are closed too, due to which problems can arise here.,” he added.