India: Rough Demand Improving

By Rapaport News / January 02, 2020 / www.diamonds.net / Article Link

Polished market quietwith very few foreign buyers in Mumbai over the New Year holiday. Manufacturersraised production since Diwali but continue to operate below capacity. Roughdemand improving amid shortage of better-quality (RapSpec A3+) goods and inanticipation of first-quarter inventory replenishment. Local jewelry marketlimited by high gold prices.
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