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surat diamond industry faces challenges ahead of diwali celebrations

Surat's diamond industry, a key player in India's gems and jewellery exports, faces significant challenges marked by layoffs and factory shutdowns due to global disruptions and reduced demand from the US and China. With around 800,000 workers affected, the sector hopes for a festive boost this Diwali, despite the ongoing impact of Western sanctions on Russian diamonds. The industry, which processes nearly 90% of the world's diamonds, is eager for a revival as it navigates these turbulent times.
Moneycontrol
United States Dollar Chinese Yuan Gem and Jewellery Export Promotion Council IND Vipul Shah
Finance & Economy, Market Report
09:03 28.10.2024
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