Jewelry Interests Argue That Diamonds Should Receive Tariff Carve-Out
Jewelers of America's and the International Diamond Manufacturers Association's leadership met with Peter Navarro last week to argue that diamonds shouldn't be subject to reciprocal import duties.
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They said the White House senior counselor for trade discussed whether diamonds could be on Annex II as a critical mineral.
“We are aggressively communicating to key members of the Trump administration to ensure the jewelry industry’s voice is heard,” Jewelers of America CEO David Bonaparte said. “We had a constructive exchange of views and had an opportunity to express the industry’s concern about the effect of tariffs on our members. We are hopeful for a favorable outcome.”