India: Cutters Under Pressure

Weak sentiment, withmanufacturers under pressure due to sluggish polished demand and tight profitmargins. Factories operating at reduced capacity, and some manufacturersslashing salaries of polished workers. Fewer foreign buyers in Mumbai after LasVegas shows. Steady orders for 0.30 to 0.99 ct., G-J, VS-SI diamonds, butprices continue to soften. Concern that rising demand for synthetics iscannibalizing small-stone market.

Round Recent News Monetary-driven precious metals outperform major base metals September 09, 2024 / www.canadianminingreport.com Gold stocks hit by plunging equities markets September 09, 2024 / www.canadianminingreport.com Gold stocks down as metal and equities momentum fades September 02, 2024 / www.canadianminingreport.com Another Kazatomprom guidance announcement shakes uranium price September 02, 2024 / www.canadianminingreport.com Major monetary drivers still supporting gold August 26, 2024 / www.canadianminingreport.com See all > × Get Listed Get Listed × Login E-Mail Address Password Remember Me Login Forgot Your Password? Register Share to Youtube Share to Facebook Share to Linkedin Share to Twitter Share to Tiktok