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India's diamond industry: Diamond industry plans to cut bank financing by 33% this FY

India s diamond industry plans to reduce its bank financing needs for the current financial year to $4 billion, down from $6 billion in the previous year, amid a slowdown in global diamond demand. Traders have halted imports of rough diamonds, and they aim to clear existing inventory rather than creating new stocks that would require additional borrowing. ....

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Diamond industry plans to cut bank financing by a third

India s diamond industry plans to reduce its bank financing requirements by a third, targeting $4 billion for the current fiscal year, down from $6 billion in FY23. This comes amid a slowdown in global demand. Traders are focusing on clearing existing inventory rather than accumulating more, which would necessitate additional borrowing. ....

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Last nail in coffin? Israel-Hamas conflict makes diamond players ask if they should revisit trade strategy

The battle in West Asia in itself would not have worried Indias diamond cutting and polishing units. But it is a blow to an industry already hit by the Russia-Ukraine conflict and falling global demand. ....

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Israel-Palestine conflict not likely to impact India's gem, jewellery sector: GJEPC, ET Retail

Israel Palestine Conflict: The ongoing tension between Israel and Palestine is not expected to have a significant impact on the gem and jewellery industry s exports, according to the Gem Jewellery Export Promotion Council (GJEPC) of India. While India has seen substantial exports to Israel, the industry is not heavily reliant on the country for its trade. ....

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Israel Palestine conflict: Israel-Palestine conflict not likely to impact India's gem, jewellery sector: GJEPC

The ongoing tension between Israel and Palestine is not expected to have a significant impact on the gem and jewellery industry s exports, according to the Gem Jewellery Export Promotion Council (GJEPC) of India. While India has seen substantial exports to Israel, the industry is not heavily reliant on the country for its trade. ....

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