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Tag Archives: Dull demand to cut revenues of diamond polishers by a third

Dull demand to cut revenues of diamond polishers by a third: CRISIL

TBB BUREAU NEW DELHI, OCT 18, 2023 High inventory amid falling prices to impact profitability; lab grown diamonds pose threat The Indian diamond polishing industry will see revenue drop 30-35% on-year to $14-15 billion this fiscal as an economic slowdown in its main markets — the US, the European Union (EU) and China — cuts demand. These three geographies account ...

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