India: Manufacturing Profits Thin

By Rapaport News / January 30, 2020 / www.diamonds.net / Article Link

Slow movement with few overseas buyers visiting during Chinese New Year. Some shortages following reduction in polished production. Manufacturing profits thin as rough prices strengthen at start of year. Cutters and traders increasingly considering lab-grown diamonds in search of better profit margins. Local jewelry market weak despite wedding season. Health scare in Asia adding to caution.
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