Diamond Jewelry Demand in India May Slow After Gem Prices Surge

Bloomberg reports demand for diamond jewelry in India may slow as a surge in prices discourages buyers.

The market news is quoted as saying,

Polished diamond prices, which jumped about 60 percent to 70 percent in the last six months, may gain further in the next few months, said Sandeep Kulhalli, vice president, retail and marketing at Tanishq, the jewelry retail chain owned by Titan. The company is India’s biggest retailer of gold jewelry.

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