India’s Gems And Jewellery Exporters Anticipate $2 Billion Hit Due To War Disruptions

India’s gems and jewellery exporters could face a $2 billion hit if the ongoing West Asia conflict persists for three months, industry representatives have warned, citing disruptions to key trading hubs and rising logistics costs. Sabyasachi Ray, Executive Director of the Gem & Jewellery Export Promotion Council (GJEPC), said Dubai remains a critical global hub for diamonds and Indian exports, making the sector particularly vulnerable to prolonged geopolitical tensions in the region. “If the war continues for three months, the industry could face a hit of about $2 billion. We may be able to divert roughly $800 million worth of…