Recent changes in U.S. tariffs have had a significant impact on the diamond industry, particularly benefiting the Antwerp diamond trade. The exemptions now include European-cut natural diamonds, along with other items such as oil, gas, and copper. Trade representatives from AGTA and Jewelers of America are engaging in discussions regarding these tariffs as the JA team heads back to Washington amidst a new wave of tariffs. While India faces challenges under these evolving regulations, Antwerp is poised to seize new opportunities with the return of these tariff exemptions.