Paul Zimnisky Comments on Tariffs Impact on the Global Diamond and Jewelry Industry

The U.S.’s new tariffs on nations including India, Botswana, Namibia and Angola will have a direct impact on diamonds and jewelry

NEW YORK, April 12, 2025 /PRNewswire-PRWeb/ — Leading U.S.-based independent diamond and jewelry analyst Paul Zimnisky shares his thoughts on the consequences of America’s tariffs on the global diamond and jewelry market.

In a new brief titled “Thoughts on the Potential Impact of Trump’s Tariffs on the Diamond Market,” Zimnisky discusses possible tariff-related scenarios for U.S. jeweler’s sales and profits. He also comments on the role jewelry wholesalers will play, how natural diamond and lab-grown diamond (LGD) prices could be affected and how the situation could be a boon for second-hand or recycled diamonds and jewelry in the U.S.

Zimnisky commented: “The 90-day pause on the initial reciprocal tariffs announced by the Trump administration should allow the trade to carry on with business for now…the market was beginning to freeze up. However, the situation still poses severe consequences for the larger diamond and jewelry industry. I wish the administration initially chose a more targeted approach with a reasonable phase-in period. For instance, the U.S. doesn’t even mine diamonds in any meaningful volume, and as it stands, even if you wanted to manufacture polished here, you would still have to pay a duty on the rough.”

The brief can be read in its entirety here which includes a data table. Please read the full disclosure at the bottom of the page.

Paul Zimnisky, CFA is a world-leading independent diamond and jewelry industry analyst and consultant based in the New York City metro area. His research and analysis on the diamond industry is used globally by financial institutions, management consulting firms, private and public corporations, governments, intergovernmental organizations and universities. More information can be found here. He can be reached at [email protected] and followed on X @paulzimnisky.

For detailed analysis of the lab-grown and natural diamond industry, please inquire to [email protected] for information on consultation rates and custom research capabilities. For subscription information or to request a sample of Paul Zimnisky’s State of the Diamond Market, a leading monthly diamond industry report which includes forecasts, data and trends, please contact: [email protected].

The Paul Zimnisky Diamond Analytics Podcast can be streamed for free here or on Apple Podcasts or Spotify. The show, which is in its sixth year of production, has amassed a loyal following after featuring a wide range of prestigious guests from all segments of the industry and reaches of the world.

Disclaimer: The views expressed above are strictly that of Paul Zimnisky, and are based solely on observations and opinions. Paul Zimnisky has made every effort to ensure the accuracy of information provided, however, accuracy cannot be guaranteed. The information is strictly for informational purposes and should not be considered investment advice. Consult your investment professional before making any investment decisions. Paul Zimnisky does not accept culpability for losses and/ or damages arising from the use of the above content. Third party use of this content is only permitted with the permission of Paul Zimnisky.

Media Contact

Paul Zimnisky, Paul Zimnisky Diamond Analytics, 1 917-806-4555, [email protected], https://www.paulzimnisky.com

SOURCE Paul Zimnisky Diamond Analytics