A trade deal with Switzerland seems probable, but reaching an agreement with India remains a challenge, David Bonaparte said.
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The 50 percent tariffs on diamonds shipped from India to the U.S. have pushed midstream manufacturers to the edge.
They are trying to balance the need to sustain well-established relationships with the pressure higher tariffs have put on margins.

A decision likely won’t come until January 2026 at the earliest, and the tariffs remain in effect until then.

Two lower courts have moved to block the import taxes, which will remain in place as the legal battle continues.

President Duma Boko addressed the country’s medical supply chain crisis in a recent televised address.

The group met with the president's senior trade advisor earlier this week to express the industry’s concerns about the effects of tariffs.

An additional 25 percent tariff has been added to the previously announced 25 percent.

The president made the announcement via Truth Social Wednesday, adding that India also will face a penalty for its dealings with Russia.

Announced Sunday, the deal will set the tax on goods imported into the United States from the European Union at 15 percent.

The announcement comes just as the 90-day freeze on the “reciprocal” tariffs nears its end, giving countries more time to negotiate.

Following visits to Vegas and New York, Botswana’s minerals minister sat down with Michelle Graff to discuss the state of the diamond market.

Between tariffs and the sky-high cost of gold, designers enter this year’s Las Vegas shows with a lot of questions and few answers.

However, the tariffs remain in effect in the short term, as an appeals court has stayed the U.S. Court of International Trade’s decision.

Following weekend negotiations, the tax on Chinese goods imported into the United States will drop by 115 percent for the next 90 days.

Though currently paused, high tariffs threaten many countries where gemstones are mined. Dealers are taking measures now to prepare.

During a call about its full-year results, CEO Efraim Grinberg discussed how the company is approaching the uncertainty surrounding tariffs.

The feedback will be used to prepare other jewelers for the challenges ahead, the organization said.

Editor-in-Chief Michelle Graff answers questions about how the new taxes levied on countries like India and China will impact the industry.

GIA’s labs in Dubai and Hong Kong are now accepting larger diamonds in light of the “logistical challenges” presented by the new tariffs.

An across-the-board tariff of 10 percent remains in place for all U.S. trading partners, except China.

The virtual event will take place April 7 at 3 p.m.

Originally slated to take effect in April, official U.S. Customs and Border Protection documents now show the implementation date as “TBD.”

The EU, like the U.S., also now will require diamond importers to provide information about where exactly the diamonds were mined.

The formal signing of the agreement comes nearly two years after De Beers and Botswana initially announced they had reached a new deal.