China a threat to India’s diamond ambitions

China is emerging as a major threat to the Indian gems and jewellery industry,  according to Chaim Even-Zohar, chairman of Tacy Diamond Consultants, which is a specialty strategic consultancy house serving the stakeholders in the international diamond industry.

 The Asian major was keen on  conquering Africa as it becomes the preferred trading partner. Reports have indicated that Beijing is buying up Africa’s abundant natural resources and providing it with needed cash and cheaply produced consumer goods in return

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