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Tariffs fuel volatility in diamond prices – News Stand

Summary by observer24.com.na
Diamond prices declined for most of July amid uncertainty over US tariffs. Major retailers postponed holiday purchases, creating pressure on prices and inventory following a hike in manufacturing. US dealers raised prices on the final day of the month in response to President Donald Trump’s July 30 announcement of 25% duties on Indian imports. The trade began moving inventory to the US ahead of 7 August, when the new rate goes into effect. Smalle
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observer24.com.naobserver24.com.na

Tariffs fuel volatility in diamond prices – News Stand

Diamond prices declined for most of July amid uncertainty over US tariffs. Major retailers postponed holiday purchases, creating pressure on prices and inventory following a hike in manufacturing. US dealers raised prices on the final day of the month in response to President Donald Trump’s July 30 announcement of 25% duties on Indian imports. The trade began moving inventory to the US ahead of 7 August, when the new rate goes into effect. Smalle

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observer24.com.na broke the news in on Thursday, August 7, 2025.
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