India: Jewelers Reducing Diamond Content

Slow trading over Jain Paryushan festival and HinduGanesh Chaturthi holiday. High gold price and declining currency (INR 72/$1)impacting domestic jewelry demand. Jewelry manufacturers compensating byreducing diamond content. Cutters maintaining low production until October 27Diwali break, with some smaller units already closing. Polished inventorylevels went down in last month, but still higher than previous years.

Round Recent News Uranium volatility after Russia's US export restrictions November 25, 2024 / www.canadianminingreport.com Gold stocks rebound on metal bounce and equity rise November 25, 2024 / www.canadianminingreport.com Crypto market size continues to catch up with gold November 18, 2024 / www.canadianminingreport.com Crypto stealing some of gold's thunder November 18, 2024 / www.canadianminingreport.com Gold stocks drop on metal price decline November 11, 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