India: Cutters Shifting to Lower-Cost Goods

IIJS show sees slowdiamond trading, but steady gold inquiries ahead of festival and weddingseason. Jewelers waiting for gold-price stability before making orders.Polished production reduced by estimated 30%, with cutters shifting tolower-cost goods to keep workers. Large volume of 0.30 to 0.70 ct.available; suppliers selling in parcels to save on grading costs. Steady demandfor better-quality SIs (RapSpec A3+), which are difficult to find.

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