India: Few Overseas Buyers in Market

By Rapaport News / July 19, 2018 / www.diamonds.net / Article Link

Sentiment down dueto sluggish summer demand, depreciating rupee and rumors of furtherbankruptcies. Dealers also frustrated by slower turnover, as authorities withholdshipments following $440 million fraud involving customs officials. Fewer overseasbuyers in the market. 1 ct. and dossiers moving well. Rough demand stable, butmanufacturers careful not to build up excess inventory.
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