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Mineweb reported India’s diamond export and import industry experienced tremendous losses of 44% and 20% respectively in May, but is expected to recover on increased demand as evidenced by an increase in April.
Mineweb reported India’s diamond export and import industry experienced tremendous losses of 44% and 20% respectively in May, but is expected to recover on increased demand as evidenced by an increase in April.
As quoted in the market news:
The “unexpected increase” in April came under intense scrutiny from government officials, especially since the polished diamond trade was flat at that time. Diamantaires told the visiting regulatory officials that demand for diamonds in India and China is set to far outpace supply, which is limited to production at a small number of mines worldwide.