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August 14, 2025US tariff surge to 50% leads to loss of jobs in Saurashtra region
The Indian diamond cutting and polishing industry is facing a severe blow after US tariffs surged from 10 per cent in April to 50 per cent in August, leading to the loss of nearly 100,000 jobs in Gujarat’s Saurashtra region.
Gujarat Diamond Workers Union vice-president Bhavesh Tank said job losses spiked sharply over the past 10 days as duties first climbed to 25 per cent and then doubled.
Most layoffs occurred in small units across Bhavnagar, Amreli, and Junagadh after American buyers postponed or cancelled orders. Some displaced workers have found jobs in the lab-grown diamond (LGD) sector, but concerns persist that LGDs could face similar tariff.
