West Asia Conflict Disrupts India's Gems and Jewellery Trade and Supply Chain

The ongoing conflict in West Asia has significantly disrupted India's gems and jewellery trade, halting diamond shipments and affecting exports and imports, particularly with the United Arab Emirates (UAE). Flight cancellations and airspace closures have stalled logistics, impacting the supply of rough diamonds and bullion essential to the industry. The Gem Jewellery Export Promotion Council highlights supply chain risks and rising costs due to rerouting, while noting the Gulf Cooperation Council's growing importance as a market for Indian exports.