Surat Manufacturers hit by Certification Delays

By John Jeffay / April 19, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Manufacturers in Surat are struggling as diamond certificates are delayed by India's pandemic travel restrictions.They're being forced to wait for at least two months, rather than one in normal times, according to the Times of India.The delays are severely hampering cash flow, especially for smaller operations.Buyers increasingly insist on certificates because they're unable to travel and see the goods for themselves.   Labs in Mumbai are working in accordance with Covid restrictions, and gems sent to the USA can take three months to be certified.The cycle from buying rough to selling polished has been extended from 120 days to 180, according to Dinesh Navadiya, regional president of Gem and Jewellery Export Promotion Council (GJEPC)."Due to the delay in certification, smaller companies bear the burden of interest as the payments to raw diamond suppliers have to be done in time," he said.Pic shows diamond merchants in Surat

Recent News

Gold stocks down as markets continue to new highs

July 21, 2025 / www.canadianminingreport.com

TSXV Top 20 Gold market cap shifts away from exploration

July 21, 2025 / www.canadianminingreport.com

Many new players enter TSXV gold Top 25 by market cap

July 14, 2025 / www.canadianminingreport.com

Gold stocks mixed on moderate metal gain, flat equities

July 14, 2025 / www.canadianminingreport.com

Gold stocks lead the large cap miners by far over H1/25

July 07, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok