Production of polished diamonds in Surat declines by 25% in April
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Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said.
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Production of polished diamonds in Surat has declined by 25% in April compared with March due to rising Covid-19 infection among workers and exodus of migrant workers from the city in fear of the pandemic, industry insiders said.
Production has taken a hit at a time when the trade is witnessing strong demand from the US and Chinese markets, diamantaires said.
They are cutting down the import of rough diamonds as production has dwindled, which is likely to soften the prices of rough diamonds. India cuts and polishes 14 out of 15 diamonds in the world.
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