Surat, March 3 -- The ongoing conflict in the Middle East following the joint military action by the United States and Israel against Iran is expected to significantly impact India's gems and jewellery sector, particularly exports and imports to Israel and Dubai, industry stakeholders said.

Speaking to ANI, diamond trader Dinesh Navadiya said the escalating tensions and disruption in international flight operations could adversely affect trade flows, especially high-value diamond exports.

"If we analyse the statistics, from April 2024 to March 2025, our exports to Israel stood at USD 548.27 million. After tariff-related issues were resolved, exports between March 2025 and February 2026 were USD 514.20 million. Our business with Israel w...