Summary
In Surat, India, many families working in the diamond industry are struggling due to economic difficulties. US tariffs and other global challenges have led to reduced demand for diamonds, causing layoffs and decreased earnings for workers. As a result, some families, like Alpesh Bhai's, can't afford private education for their children anymore and have switched to public schools.
Key Facts
- Surat, a city in India, is a major center for diamond cutting and polishing.
- The US imposed new tariffs which have reduced the demand for diamonds.
- Many workers in the industry, like Alpesh Bhai, have faced pay cuts or job losses.
- Alpesh previously earned 35,000 rupees ($390) per month but saw his income drop significantly.
- Alpesh had to remove his children from private school due to reduced earnings.
- Approximately 400,000 workers in Surat have experienced layoffs or reduced work hours.
- Global events, such as the war in Ukraine and disruptions in supply chains, have impacted the diamond industry in India.
- The tariffs by President Trump contributed to the downturn in the diamond market.
