diamond export: India's export of cut, polished diamonds may fall by 22 pc in FY24 on sluggish demand: Icra
India's export of cut and polished diamonds is expected to decline by 22% to USD 17.2 billion in the current fiscal year, according to rating agency Icra. The decline is attributed to weakened demand from key consuming nations such as the US and Europe, as well as limited demand from China. Additionally, competition from lab-grown diamonds and elevated prices of rough diamonds have further impacted exports.
Source: indiatimes.com
