At a meeting of diamond exporting companies on Tuesday at Bharat Diamond Bourse (BDB), it was decided to follow discipline in imports & production based on the market demand strictly
By Sai Nikesh D
A weak demand for polished diamonds locally and globally is likely to affect India’s rough diamond imports, which is likely to decline by 10-15% in the current year, said news reports on Tuesday.
Sabyasachi Ray, ED, Gems & Jewelry Export Council (GJEPC), said the profitability of the industry has suffered due to high prices of rough diamonds and lesser demand for polished diamonds.
This article was published in The Dollar Business on July 8, 2015