Belgian Diamond Sector Rejects Link Between Lavish Gold Ring Gifted to Trump and Tariff Exemption The recent gift of an 18 carat gold ring adorned with 321 diamonds to President Donald Trump has sparked controversy, with two Democratic senators questioning its potential link to tariff exemptions granted to European diamond imports.
Representatives from Antwerp's diamond trade have fiercely denied any connection between the gift and the subsequent tariffs.
Belgium's diamond sector is a multibillion dollar industry, with Antwerp serving as its crown jewel.