India’s Rough Diamonds Trade $826.5 mln in June
India imported $769.57 million worth of rough diamonds in June, a 43.3 percent dipped from the year before. For full story, click here
India imported $769.57 million worth of rough diamonds in June, a 43.3 percent dipped from the year before. For full story, click here
With the holiday season behind us, now is the time diamond miners and retailers should have full pockets and empty shelves. However, with the holiday season of ’08 coming on the back of economic catastrophe, countries across the globe are reporting stark numbers for diamond exports and imports.
As economic turmoil spread around the globe in ‘08, the diamond industry lost some of its brilliance. The industry was doing well until about September, then diamond prices and sales went on a steep descent. Diamond prices are down about one-third since their high last August
The diamond industry has decided to temporarily suspend all import of rough diamonds to limit the impact of the global meltdown on the industry. For full story, click here
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