India's diamond trade with Israel, Dubai hit by Mideast conflict

Contributing sentiments towards policy:

63% : Our business with Israel was growing," Navadiya said.
61% : The United States, Hong Kong, and the UAE remain key export destinations, while Israel and Belgium are also significant partners.
59% : 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.
54% : "Israel is a major market for raw materials and high-cost diamonds.
52% : "If we analyse the statistics, from April 2024 to March 2025, our exports to Israel stood at USD 548.27 million.
49% : 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 said.
48% : Add Asianet Newsable as a Preferred SourceImpact on Israel Trade 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.
42% : The US-Israel military action against Iran in the Middle East is expected to significantly impact India's gems and jewellery sector, with stakeholders warning of disruptions to trade with key partners like Israel and Dubai due to flight cancellations.
40% : However, flight cancellations and airport shutdowns in Israel and other countries have disrupted the whole industry.
40% : Stakeholders have called for close monitoring of the situation, as the industry braces for potential volatility in international trade flows.
37% : International flight delays, airport closures in Israel and many countries are closed too, due to which problems can arise here.," he added.

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